ISM services PMI

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ISM services PMI (ISM non-manufacturing PMI) is a sentiment indicator that assesses the state of the US services sector by studying the opinion the the industries’ purchasing and supply managers. This non-manufacturing PMI is an important leading fundamental indicator. Levels greater than 50% show an increase in economic activity. Levels less than 50% tell market participants that the economic activity is falling. ISM non-manufacturing PMI is reported monthly by the Institute for Supply Management on the third business day after the month ends. Positively surprising values move the US currency up, while negative surprises pull the US dollar down. You can find here posts about ISM services PMI indicator published on our website since 2007.

It is somewhat similar to the Markit services PMI.

Note: Do not confuse this indicator with ISM manufacturing PMI.

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