On September 4, 2025, the Institute for Supply Management (ISM) released the US September ISM Non-Manufacturing PMI. The reported figure was 51.8, matching the forecast of 51.8 and down from the previous reading of 52.Definition: The ISM Non-Manufacturing Index, published by the Institute for Supply Management, is a key indicator used to assess performance across the US services sector and gauge overall economic trends. A reading above 50 indicates economic expansion, while a reading below 50 signals contraction. This index has a relatively limited impact on GDP.Market Impact: An actual reading above expectations is typically viewed as bullish for the US dollar, whereas a figure below forecast may weigh on the currency.This data carries a medium level of importance (rated 3), is calculated based on surveys of purchasing managers in the services sector, and is released monthly. The next publication is scheduled for November 5, 2025.
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