S&P Global Services PMI

The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.

Next event - Wednesday 4 December 2024 14:45

Previous
57
Forecast
57
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for S&P Global Services PMI is 57. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Friday 22 November 2024 14:45

Previous
55
Forecast
55.3
Actual
57

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 57 against a forecast of 55.3.

Past events

Date
Forecast
Actual
Friday 22 November 2024 14:45
55.3
57
Tuesday 5 November 2024 14:45
55.3
55
Thursday 24 October 2024 13:45
55
55.3
Thursday 3 October 2024 13:45
55.4
55.2
Monday 23 September 2024 13:45
55.2
55.4
Thursday 5 September 2024 13:45
55.2
55.7
Thursday 22 August 2024 13:45
54
55.2
Monday 5 August 2024 13:45
56
55
Wednesday 24 July 2024 13:45
54.4
56
Wednesday 3 July 2024 13:45
55.1
55.3
Friday 21 June 2024 13:45
53.7
55.1
Wednesday 5 June 2024 13:45
54.8
54.8
Thursday 23 May 2024 13:45
51.3
54.8
Friday 3 May 2024 13:45
50.9
51.3
Tuesday 23 April 2024 13:45
52
50.9
Wednesday 3 April 2024 13:45
-
51.7
Thursday 21 March 2024 13:45
52
51.7
Tuesday 5 March 2024 14:45
-
52.3
Thursday 22 February 2024 14:45
52
51.3
Monday 5 February 2024 14:45
52.9
52.5
Wednesday 24 January 2024 14:45
51
52.9
Thursday 4 January 2024 14:45
51.3
51.4
Friday 15 December 2023 14:45
50.6
51.3
Tuesday 5 December 2023 14:45
50.8
50.8
Friday 24 November 2023 14:45
50.4
50.8
Friday 3 November 2023 13:45
50.9
50.6
Tuesday 24 October 2023 13:45
49.9
50.9
Wednesday 4 October 2023 13:45
50.2
50.1
Friday 22 September 2023 13:45
50.6
50.2
Wednesday 6 September 2023 13:45
51
50.5
Wednesday 23 August 2023 13:45
52.2
51
Thursday 3 August 2023 13:45
52.4
52.3
Monday 24 July 2023 13:45
54
52.4
Thursday 6 July 2023 13:45
54.1
54.4
Friday 23 June 2023 13:45
54
54.1
Monday 5 June 2023 13:45
55.1
54.9
Tuesday 23 May 2023 13:45
52.6
55.1
Wednesday 3 May 2023 13:45
53.7
53.6
Friday 21 April 2023 13:45
51.5
53.7
Wednesday 5 April 2023 13:45
53.8
52.6
Friday 24 March 2023 13:45
50.5
53.8
Friday 3 March 2023 14:45
50.5
50.6
Tuesday 21 February 2023 14:45
47.2
50.5
Friday 3 February 2023 14:45
46.6
46.8
Tuesday 24 January 2023 14:45
44.5
46.6
Thursday 5 January 2023 14:45
44.4
44.7
Friday 16 December 2022 14:45
46.8
44.4
Monday 5 December 2022 14:45
46.1
46.2
Wednesday 23 November 2022 14:45
47.9
46.1
Thursday 3 November 2022 13:45
46.6
47.8
Monday 24 October 2022 13:45
49.2
46.6
Wednesday 5 October 2022 13:45
49.2
49.3
Friday 23 September 2022 13:45
45
49.2
Tuesday 6 September 2022 13:45
44.1
43.7
Tuesday 23 August 2022 13:45
49.2
44.1
Wednesday 3 August 2022 13:45
47
47.3
Friday 22 July 2022 13:45
52.6
47
Wednesday 6 July 2022 13:45
-
52.7
Thursday 23 June 2022 13:45
53.5
51.6
Friday 3 June 2022 13:45
-
53.4
Tuesday 24 May 2022 13:45
55.2
53.5
Wednesday 4 May 2022 13:45
54.7
55.6
Friday 22 April 2022 13:45
58
54.7
Tuesday 5 April 2022 13:45
58.9
58
Thursday 24 March 2022 13:45
56
58.9
Thursday 3 March 2022 14:45
-
56.5
Tuesday 22 February 2022 14:45
53
56.7
Thursday 3 February 2022 14:45
50.9
51.2
Monday 24 January 2022 14:45
55
50.9
Wednesday 5 January 2022 14:45
57.5
57.6
Thursday 16 December 2021 14:45
58.7
57.5

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

PreviousLatest
JOLTS Job OpeningsBullish change7.372M7.744M
ISM Manufacturing Employment IndexBullish change44.448.1
ISM Manufacturing New Orders IndexBullish change47.150.4
ISM Manufacturing PMIBullish change46.548.4
ISM Manufacturing Prices PaidBearish change54.850.3
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.1%2.3%
Personal Income (MoM)Bullish change0.3%0.6%
Personal SpendingBearish change0.6%0.4%
Pending Home Sales (MoM)Bearish change7.5%2%
Chicago Purchasing Managers' IndexBearish change41.640.2
Core Personal Consumption Expenditures (QoQ)Bearish change2.2%2.1%
Durable Goods OrdersBullish change-0.4%0.2%
Durable Goods Orders ex DefenseBullish change-0.9%0.4%
Durable Goods Orders ex TransportationBearish change0.4%0.1%
Gross Domestic Product Annualized(no change)2.8%2.8%
Gross Domestic Product Price IndexBullish change1.8%1.9%
Nondefense Capital Goods Orders ex AircraftBearish change0.3%-0.2%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Initial Jobless ClaimsBullish change215K213K
New Home Sales Change (MoM)Bearish change7%-17.3%
Housing Price Index (MoM)Bullish change0.4%0.7%
Michigan Consumer Sentiment IndexBearish change7371.8
UoM 5-year Consumer Inflation ExpectationBullish change3.1%3.2%
S&P Global Composite PMIBullish change54.155.3
S&P Global Manufacturing PMIBullish change48.548.8
Existing Home Sales Change (MoM)Bullish change-1.3%3.4%
Initial Jobless ClaimsBullish change219K213K
Philadelphia Fed Manufacturing SurveyBearish change10.3-5.5

About S&P Global Services PMI

Country:United States
Currency:USD
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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