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 - Thursday 3 April 2025 14:00

Previous
53.9
Revised
-
Forecast
-
Actual
46.2

Next event - Monday 5 May 2025 14:00

Previous
-
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 46.2.

Past events

Date
Forecast
Actual
Thursday 3 April 2025 14:00
-
46.2
Wednesday 5 March 2025 15:00
-
53.9
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

Economic context

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

PreviousLatest
Existing Home Sales Change (MoM)Bearish change4.4%-5.9%
Durable Goods OrdersBullish change0.9%9.2%
Durable Goods Orders ex DefenseBullish change0.8%10.4%
Durable Goods Orders ex TransportationBearish change0.7%0%
Initial Jobless ClaimsBearish change216K222K
Nondefense Capital Goods Orders ex AircraftBullish change-0.3%0.1%
New Home Sales Change (MoM)Bullish change3.1%7.4%
S&P Global Composite PMIBearish change53.551.2
S&P Global Manufacturing PMIBullish change50.250.7
S&P Global Services PMIBearish change54.451.4
Building Permits (MoM)Bullish change1.459M1.482M
Housing Starts (MoM)Bearish change1.494M1.324M
Initial Jobless ClaimsBullish change224K215K
Philadelphia Fed Manufacturing SurveyBearish change12.5-26.4
Industrial Production (MoM)Bearish change0.8%-0.3%
Retail Sales (MoM)Bullish change0.2%1.4%
Retail Sales Control GroupBearish change1.3%0.4%
Retail Sales ex Autos (MoM)Bearish change0.7%0.5%
NY Empire State Manufacturing IndexBullish change-20-8.1
Michigan Consumer Sentiment IndexBearish change5750.8
UoM 5-year Consumer Inflation ExpectationBullish change4.1%4.4%
Michigan Consumer Expectations IndexBearish change52.647.2
UoM 1-year Consumer Inflation ExpectationsBullish change56.7
Producer Price Index (MoM)Bearish change0.1%-0.4%
Producer Price Index (YoY)Bearish change3.2%2.7%
Producer Price Index ex Food & Energy (MoM)Bearish change0.1%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.5%3.3%

About ISM Services Employment Index

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