ISM Services PMI
Tue · Jul 7 · 6:00 AM ET
Release history
| Period | Actual | Prior | S&P that day |
|---|---|---|---|
| May 2026 | 53.6pt | 54pt | +1.4% |
| Mar 2026 | 56.1pt | 53.8pt | -0.6% |
| Mar 2026 | 56.1pt | 53.8pt | +0.7% |
| Feb 2026 | 53.8pt | 53.8pt | -1.2% |
| Dec 2025 | 52.6pt | 52.4pt | +0.1% |
| Nov 2025 | 52.4pt | 50pt | -1.1% |
“S&P that day” = S&P 500 (SPY) close-to-close move on the release date — a proxy for the market’s reaction.
What is ISM Services PMI?
The ISM Services PMI (also called Non-Manufacturing) is the services-sector counterpart to the manufacturing survey, covering industries from finance and healthcare to retail and transport — by far the largest part of the U.S. economy.
Why it moves markets
Because services dominate U.S. output and employment, this PMI is a powerful gauge of overall economic momentum and of services inflation, which the Fed watches closely.
How to read it
Above 50 signals expansion, below 50 contraction. Strength here can offset weak manufacturing; a slide below 50 is a stronger recession signal than soft factory data alone.
Upcoming releases
Times in U.S. Eastern (ET). Economic data from official sources (FRED); schedules and AI estimates may change. For information only — not investment advice.