S&P Global United States Services Purchasing Managers Index (PMI)

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 55.3 53.3
54.8
Last release Importance Actual Forecast
Previous
56.0
55.3
Next release Actual Forecast
Previous
  • Overview
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  • History
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Markit Service PMI is an indicator of changes in business conditions in the US service sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in private companies of the US service sector.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's service production activities. Purchasing managers are among the first to notice such changes. The sample for the survey are chosen so as to cover the maximum possible number of large companies across the country.

Unlike the PMI published by ISM, Markit PMI only includes information from private companies. Purchasing managers fill in questionnaire, in which they characterize the main parameters of their work:

  • Business activity
  • New orders
  • Backlogs
  • Output prices
  • Input prices
  • Employment
  • Near term business activity outlook

Respondents are asked to provide a relative estimate, showing whether the above parameters have improved, deteriorated or have not changed. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity. The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

Service sector PMI is one of the most popular indexes closely watched by US economists. It provides operational information covering the entire service sector, which has the greatest share in the national GDP. It is interpreted as a leading indicator of service sector activity and inflation. Service PMI growth is an indication of favorable market conditions and can be seen as positive for the US dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "S&P Global United States Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2024
55.3
53.3
54.8
May 2024
54.8
51.8
51.3
Apr 2024
51.3
51.7
51.7
Mar 2024
51.7
52.9
52.3
Feb 2024
52.3
52.4
52.5
Jan 2024
52.5
52.2
51.4
Dec 2023
51.4
51.3
51.3
Dec 2023 prelim.
51.3
50.8
50.8
Nov 2023
50.8
50.8
50.8
Nov 2023 prelim.
50.8
50.7
50.6
Oct 2023
50.6
50.9
50.9
Oct 2023 prelim.
50.9
50.1
50.1
Sep 2023
50.1
50.2
50.2
Sep 2023 prelim.
50.2
50.7
50.5
Aug 2023
50.5
51.0
51.0
Aug 2023 prelim.
51.0
52.3
52.3
Jul 2023
52.3
52.4
52.4
Jul 2023 prelim.
52.4
54.2
54.4
Jun 2023
54.4
54.1
54.1
Jun 2023 prelim.
54.1
55.0
54.9
May 2023
54.9
55.1
55.1
May 2023 prelim.
55.1
53.6
53.6
Apr 2023
53.6
53.7
53.7
Apr 2023 prelim.
53.7
53.2
52.6
Mar 2023
52.6
53.8
53.8
Mar 2023 prelim.
53.8
50.5
50.6
Feb 2023
50.6
50.5
50.5
Feb 2023 prelim.
50.5
46.6
46.8
Jan 2023
46.8
46.6
46.6
Jan 2023 prelim.
46.6
44.5
44.7
Dec 2022
44.7
44.4
44.4
Dec 2022 prelim.
44.4
46.1
46.2
Nov 2022
46.2
46.1
46.1
Nov 2022 prelim.
46.1
47.1
47.8
Oct 2022
47.8
46.6
46.6
Oct 2022 prelim.
46.6
49.2
49.3
Sep 2022
49.3
49.2
49.2
Sep 2022 prelim.
49.2
43.8
43.7
Aug 2022
43.7
44.1
44.1
Aug 2022 prelim.
44.1
47.1
47.3
Jul 2022
47.3
47.0
47.0
Jul 2022 prelim.
47.0
52.1
52.7
Jun 2022
52.7
51.6
51.6
Jun 2022 prelim.
51.6
53.5
53.4
May 2022
53.4
53.5
53.5
May 2022 prelim.
53.5
55.1
55.6
Apr 2022
55.6
54.7
54.7
Apr 2022 prelim.
54.7
58.5
58.0
Mar 2022
58.0
58.9
58.9
Mar 2022 prelim.
58.9
56.6
56.5

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