The ISM Services Prices Index tracks the prices paid by service firms for materials and services used in their operations. It is a vital gauge of inflationary pressures within the service sector, which is often more persistent than goods inflation. High readings suggest that input costs are rising, which may eventually be passed on to consumers. Central banks, including the Federal Reserve, monitor this index closely to assess the trajectory of core inflation.
The index is a diffusion index based on survey data where purchasing managers report whether the prices they pay for inputs have increased, decreased, or stayed the same. It reflects the breadth of price changes across the industry.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 3, 2026 | — | 66.00 | — |
| Aug 5, 2026 | 70.30 | 66.20 | +4.10 |
| Jul 6, 2026 | 67.70 | 69.00 | -1.30 |
| Jun 3, 2026 | 71.30 | 71.30 | 0.00 |
| May 5, 2026 | 70.70 | 71.00 | -0.30 |
| Apr 6, 2026 | 70.70 | 70.00 | +0.70 |
| Mar 4, 2026 | 63.00 | 66.00 | -3.00 |
| Feb 4, 2026 | 66.60 | 64.00 | +2.60 |
| Jan 7, 2026 | 64.30 | 65.50 | -1.20 |
| Dec 3, 2025 | 65.40 | 70.30 | -4.90 |
| Nov 5, 2025 | 70.00 | 68.00 | +2.00 |
| Oct 3, 2025 | 69.40 | 68.90 | +0.50 |
| Sep 4, 2025 | 69.20 | 70.00 | -0.80 |
| Aug 5, 2025 | 69.90 | 67.70 | +2.20 |
| Jul 3, 2025 | 67.50 | 69.40 | -1.90 |
| Jun 4, 2025 | 68.70 | 65.70 | +3.00 |
| May 5, 2025 | 65.10 | 61.20 | +3.90 |
| Apr 3, 2025 | 60.90 | 64.00 | -3.10 |
| Mar 5, 2025 | 62.60 | 60.00 | +2.60 |
| Feb 5, 2025 | 60.40 | 64.80 | -4.40 |
| Jan 7, 2025 | 64.40 | 57.50 | +6.90 |
| Dec 4, 2024 | 58.20 | 58.20 | 0.00 |
| Nov 5, 2024 | 58.10 | 58.00 | +0.10 |
| Oct 3, 2024 | 59.40 | 56.30 | +3.10 |
| Sep 5, 2024 | 57.30 | 56.00 | +1.30 |
| Aug 5, 2024 | 57.00 | 55.80 | +1.20 |
| Jul 3, 2024 | 56.30 | 56.70 | -0.40 |
| Jun 5, 2024 | 58.10 | 59.00 | -0.90 |
| May 3, 2024 | 59.20 | 55.00 | +4.20 |
| Apr 3, 2024 | 53.40 | 58.40 | -5.00 |
| Mar 5, 2024 | 58.60 | 63.00 | -4.40 |
| Feb 5, 2024 | 64.00 | 56.50 | +7.50 |
| Jan 5, 2024 | 57.40 | 58.10 | -0.70 |
| Dec 5, 2023 | 58.30 | 58.00 | +0.30 |
| Nov 3, 2023 | 58.60 | 58.50 | +0.10 |
| Oct 4, 2023 | 58.90 | 58.50 | +0.40 |
| Sep 6, 2023 | 58.90 | 56.40 | +2.50 |
| Aug 3, 2023 | 56.80 | 52.10 | +4.70 |
| Jul 6, 2023 | 54.10 | 53.30 | +0.80 |
| Jun 5, 2023 | 56.20 | 59.70 | -3.50 |
| May 3, 2023 | 59.60 | 59.00 | +0.60 |
