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FinVolio

Economy · United States · Business activity

US ISM services PMI

54.9 in September 2026, compared with 55.4 in August 2026.

Monthly · index, 50 = no change · 50.3 a year earlier · Updated 11 hrs ago

Next: ISM services PMI, Thu, 5 Nov, 2:00am Sydney time (usual time)

Add US ISM services PMI to your list

Range, past 10 years52-week and 10-year range The lowest and highest values over a period, with a marker for where the latest value sits between them. Learn more
48.8 Jun 202456.1 Feb 2026
Over 3 monthsYear on year, month on month, quarter on quarter How a figure compares with the same period a year earlier (y/y), or with the period just before (m/m, q/q). Year-on-year removes seasonal swings; shorter comparisons show turning points sooner. Learn more
+1.7%from 54.0
Over 12 monthsPercentage points and basis points The difference between two percentages. A rate rising from 4.00% to 4.25% is up 0.25 percentage points, or 25 basis points; it is not up 0.25%. Learn more
+9.1%from 50.3
Long-run averageLong-run average The average of every reading in the series' history. A rough guide to what is normal, though economies change and some series never return to their old average. Learn more
52.7since 2023
Against its historyPercentile against history Where the latest reading ranks among every reading since the series began. The 90th percentile means it is higher than 90% of past readings. Learn more
91stpercentile: higher than 91% of readings since 2023

HistorySeasonally adjusted A figure with the regular calendar pattern removed (Christmas, school holidays, harvests), so one month can be compared fairly with the next. Learn more

index, 50 = no change, monthly

Show the data
Periodindex, 50 = no change
September 202654.9
August 202655.4
July 202654.1
June 202654.0
May 202654.5
April 202653.6
March 202654.0
February 202656.1
January 202653.8
December 202553.8
November 202552.4
October 202552.0
September 202550.3
August 202551.9
July 202550.5
June 202550.8
May 202550.2
April 202551.6
March 202550.8
February 202553.2
January 202552.8
December 202454.0
November 202452.5
October 202455.8

The latest 24 readings in this range.

Source: Institute for Supply Management, Report On Business (services), from ISM's monthly press releases. Data from November 2023.

Next releaseFinVolio estimates FinVolio's own estimate of what an upcoming release will show, from a stated statistical rule and, where available, an AI estimate with its reasoning. Not a consensus forecast and not advice. Learn more

Thu, 5 Nov, 2:00am Sydney time (usual time) · ISM services PMI, for October 2026

AI estimateFinVolio estimates FinVolio's own estimate of what an upcoming release will show, from a stated statistical rule and, where available, an AI estimate with its reasoning. Not a consensus forecast and not advice. Learn moreclaude-sonnet-5-554.7range 52.1 to 57.2
Model estimate80% range A band that the actual figure should land inside about four times in five. If actuals fall outside it more often than one time in five, the estimate is overconfident. Learn morelast reading plus half the recent trend55.1range 52.3 to 57.8
Last reading54.9September 2026

The index has held in a 53.6-56.1 range since February 2026 and sits at 54.9, with services new orders strong at 59.8 and manufacturing PMI at 54.5 supporting continued expansion. Some mean reversion from the recent high readings, along with high prices paid (74.0) and a slightly rising unemployment rate (4.2%), points to a value just below the baseline of 55.1.

Estimates are FinVolio's own, made from this series and related indicators. They are not a consensus forecast and not advice.

What it measures

A survey of purchasing managers at about 400 US services businesses: business activity, new orders, employment and supplier deliveries. Above 50 means expanding.

Why it matters

Services are most of the US economy, so this covers far more of it than the manufacturing survey.