ISM Services (Report On Business) in United States

Instituto de Gestion de Suministros (ISM) · Monthly · Importance 3

54.1 (Jul-26) ABS · index · Mensual · CSV

Recessions COVID recession

Period	index
Jul 2026	54.1
Jun 2026	54.0
Apr 2026	53.6
Mar 2026	54.0
Jan 2026	53.8

Period	index
Jul 2026	47.4
Jun 2026	51.2
Apr 2026	48.0
Mar 2026	45.2
Jan 2026	50.3

Period	index
Jul 2026	57.2
Jun 2026	55.1
Apr 2026	53.5
Mar 2026	60.6
Jan 2026	53.1

Period	index
Jul 2026	70.3
Jun 2026	67.7
Apr 2026	70.7
Mar 2026	70.7
Jan 2026	66.6

About this indicator

Source	Institute for Supply Management (ISM)
Frequency	Monthly
Release	El tercer dia habil del mes, a las 10:00 ET (16:00 CET), referido al mes anterior
What it is	The ISM Services (Report On Business) is a composite diffusion index drawn from a survey of purchasing managers in the US non-manufacturing sector. A reading above 50 signals expansion and below 50 contraction. It includes sub-indices for Business Activity, New Orders, Employment and Prices.
How it's calculated	A monthly Institute for Supply Management survey of purchasing managers at services firms. Each component is a diffusion index, and the headline weights four sub-indices equally: Business Activity, New Orders, Employment and Supplier Deliveries.
Market implications	The services sector accounts for most of US output and employment, so this index is a key gauge of the cycle. The Prices sub-index foreshadows services inflation, closely watched by the Federal Reserve; a strong reading tends to support the dollar and yields.
Limitations	It is a qualitative survey that gauges the direction of change rather than its magnitude, and it has historically been more volatile than the manufacturing index. It should not be confused with the S&P Global Services PMI, which comes from a different provider.