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ISM Services Employment Index

The ISM Non-Manufacturing PMI released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. It is a significant indicator of the overall economic condition in the US. The ISM Services Employment Index represents business sentiment regarding labor market conditions and is considered a strong Non-Farm Payrolls leading indicator. A result above 50 is positive (or bullish) for the USD.

Most recent - Wednesday 5 February 2025 15:00

Previous
51.3
Revised
51.3
Forecast
-
Actual
52.3

Next event - Wednesday 5 March 2025 15:00

Previous
52.3
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for ISM Services Employment Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Services Employment Index was 52.3.

Past events

Date
Forecast
Actual
Wednesday 5 February 2025 15:00
-
52.3
Tuesday 7 January 2025 15:00
-
51.4
Wednesday 4 December 2024 15:00
-
51.5
Tuesday 5 November 2024 15:00
-
53
Thursday 3 October 2024 14:00
-
48.1
Thursday 5 September 2024 14:00
-
50.2
Monday 5 August 2024 14:00
46.5
51.1
Wednesday 3 July 2024 14:00
-
46.1
Wednesday 5 June 2024 14:00
-
47.1
Friday 3 May 2024 14:00
-
45.9
Wednesday 3 April 2024 14:00
-
48.5
Tuesday 5 March 2024 15:00
-
48
Monday 5 February 2024 15:00
-
50.5
Friday 5 January 2024 15:00
-
43.3
Tuesday 5 December 2023 15:00
-
50.7
Friday 3 November 2023 14:00
-
50.2
Wednesday 4 October 2023 14:00
-
53.4
Wednesday 6 September 2023 14:00
-
54.7
Thursday 3 August 2023 14:00
51.1
50.7
Thursday 6 July 2023 14:00
-
53.1
Monday 5 June 2023 14:00
51
49.2
Wednesday 3 May 2023 14:00
52.6
50.8
Wednesday 5 April 2023 14:00
52
51.3
Friday 3 March 2023 15:00
49.8
54
Friday 3 February 2023 15:00
50.5
50
Friday 6 January 2023 15:00
50.2
49.8
Monday 5 December 2022 15:00
51
51.5
Thursday 3 November 2022 14:00
51.6
49.1
Wednesday 5 October 2022 14:00
49.6
53
Tuesday 6 September 2022 14:00
48.2
50.2
Wednesday 3 August 2022 14:00
48.7
49.1
Wednesday 6 July 2022 14:00
49.8
47.4
Friday 3 June 2022 14:00
51.7
50.2
Wednesday 4 May 2022 14:00
51.2
49.5
Tuesday 5 April 2022 14:00
50.3
54
Thursday 3 March 2022 15:00
53.5
48.5

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next ISM Services Employment Index result:

PreviousLatest
Chicago Purchasing Managers' IndexBullish change39.545.5
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.6%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.5%
Personal Income (MoM)Bullish change0.4%0.9%
Personal SpendingBearish change0.8%-0.2%
Pending Home Sales (MoM)Bearish change-4.1%-4.6%
Core Personal Consumption Expenditures (QoQ)Bullish change2.5%2.7%
Durable Goods OrdersBullish change-1.8%3.1%
Durable Goods Orders ex DefenseBullish change-1.8%3.5%
Durable Goods Orders ex TransportationBearish change0.1%0%
Gross Domestic Product Annualized(no change)2.3%2.3%
Gross Domestic Product Price IndexBullish change2.2%2.4%
Initial Jobless ClaimsBearish change220K242K
Nondefense Capital Goods Orders ex AircraftBullish change0.4%0.8%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.3%2.4%
New Home Sales Change (MoM)Bearish change8.1%-10.5%
Housing Price Index (MoM)(no change)0.4%0.4%
Existing Home Sales Change (MoM)Bearish change2.9%-4.9%
Michigan Consumer Sentiment IndexBearish change67.864.7
UoM 5-year Consumer Inflation ExpectationBullish change3.3%3.5%
S&P Global Composite PMIBearish change52.750.4
S&P Global Manufacturing PMIBullish change51.251.6
S&P Global Services PMIBearish change52.949.7
Initial Jobless ClaimsBearish change214K219K
Philadelphia Fed Manufacturing SurveyBearish change44.318.1
Building Permits (MoM)Bullish change1.482M1.483M
Housing Starts (MoM)Bearish change1.515M1.366M
NY Empire State Manufacturing IndexBullish change-12.65.7

About ISM Services Employment Index

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Labor Market
Frequency:Monthly

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