United States S&P Global US Services PMI in United States

S&P Global · Monthly (flash + final) · Importance

57.9 (Oct-26) ABS · index · Monthly · CSV
-0.8 (Oct-26) MOM · index · Monthly · CSV
3.8 (Oct-26) YOY · index · Monthly · CSV
Recessions COVID recession
Periodindex
Oct 2026 57.9
Sep 2026 58.7
Aug 2026 56.5
Jul 2026 54.6
Jun 2026 51.2
May 2026 50.7
Periodindex
Oct 2026 -0.8
Periodindex
Oct 2026 3.8

About this indicator

Source
S&P Global Market Intelligence
Frequency
Monthly (flash + final)
Release
Flash around the 22nd-24th of the same month; final around the third working day of the following month. 09:45 ET (13:45 UTC).
What it is
The S&P Global Services PMI (Business Activity Index) is a diffusion index built from a survey of purchasing managers in the US services sector. A reading above 50 signals expanding activity; below 50, contraction. Each month there is a flash (preliminary) reading and a final one.
How it's calculated
A diffusion index of business activity in services, equivalent to the output index in manufacturing, based on a single question about the change versus the previous month. The data are seasonally adjusted.
Market implications
Services make up most of US GDP; together with the manufacturing PMI they form the Composite PMI, a leading indicator of GDP. A strong reading tends to support the dollar and yields, while a weak one weighs on growth expectations.
Limitations
A qualitative survey that measures the direction of change, not its magnitude. It should not be confused with the ISM Services index, which comes from a different provider and methodology and yields different readings.