The ISM Services PMI is a monthly report issued by the Institute for Supply Management that tracks business conditions in the U.S. non-manufacturing sector. A reading above 50 indicates expansion in the services sector, while a reading below 50 signals contraction. Since the services sector represents over two-thirds of the U.S. economy, this indicator is a vital gauge of overall economic health.
The index is based on a survey of more than 400 purchasing and supply executives. It is a composite index calculated from four equally weighted sub-components: Business Activity, New Orders, Employment, and Supplier Deliveries.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 3, 2026 | — | 54.30 | — |
| Aug 5, 2026 | 54.10 | 54.50 | -0.40 |
| Jul 6, 2026 | 54.00 | 54.00 | 0.00 |
| Jun 3, 2026 | 54.50 | 53.80 | +0.70 |
| May 5, 2026 | 53.60 | 53.70 | -0.10 |
| Apr 6, 2026 | 54.00 | 55.00 | -1.00 |
| Mar 4, 2026 | 56.10 | 53.50 | +2.60 |
| Feb 4, 2026 | 53.80 | 53.50 | +0.30 |
| Jan 7, 2026 | 54.40 | 52.30 | +2.10 |
| Dec 3, 2025 | 52.60 | 52.10 | +0.50 |
| Nov 5, 2025 | 52.40 | 50.80 | +1.60 |
| Oct 3, 2025 | 50.00 | 51.70 | -1.70 |
| Sep 4, 2025 | 52.00 | 51.00 | +1.00 |
| Aug 5, 2025 | 50.10 | 51.50 | -1.40 |
| Jul 3, 2025 | 50.80 | 50.50 | +0.30 |
| Jun 4, 2025 | 49.90 | 52.00 | -2.10 |
| May 5, 2025 | 51.60 | 50.60 | +1.00 |
| Apr 3, 2025 | 50.80 | 53.00 | -2.20 |
| Mar 5, 2025 | 53.50 | 52.60 | +0.90 |
| Feb 5, 2025 | 52.80 | 54.30 | -1.50 |
| Jan 7, 2025 | 54.10 | 53.30 | +0.80 |
| Dec 4, 2024 | 52.10 | 55.50 | -3.40 |
| Nov 5, 2024 | 56.00 | 53.80 | +2.20 |
| Oct 3, 2024 | 54.90 | 51.70 | +3.20 |
| Sep 5, 2024 | 51.50 | 51.10 | +0.40 |
| Aug 5, 2024 | 51.40 | 51.00 | +0.40 |
| Jul 3, 2024 | 48.80 | 52.50 | -3.70 |
| Jun 5, 2024 | 53.80 | 50.80 | +3.00 |
| May 3, 2024 | 49.40 | 52.00 | -2.60 |
| Apr 3, 2024 | 51.40 | 52.70 | -1.30 |
| Mar 5, 2024 | 52.60 | 53.00 | -0.40 |
| Feb 5, 2024 | 53.40 | 52.00 | +1.40 |
| Jan 5, 2024 | 50.60 | 52.60 | -2.00 |
| Dec 5, 2023 | 52.70 | 52.00 | +0.70 |
| Nov 3, 2023 | 51.80 | 53.00 | -1.20 |
| Oct 4, 2023 | 53.60 | 53.60 | 0.00 |
| Sep 6, 2023 | 54.50 | 52.50 | +2.00 |
| Aug 3, 2023 | 52.70 | 53.00 | -0.30 |
| Jul 6, 2023 | 53.90 | 51.00 | +2.90 |
| Jun 5, 2023 | 50.30 | 52.20 | -1.90 |
| May 3, 2023 | 51.90 | 51.80 | +0.10 |
