US September ISM Non-Manufacturing Employment Index: A Leading Indicator of Economic Trends

On September 4, 2025, the Institute for Supply Management released the US ISM Non-Manufacturing Employment Index for September. The reported value was 46.5, with no forecast provided; the previous reading was also 46.5.This index assesses employment conditions in the non-manufacturing sector to gauge the trajectory of the economy, serving as a key leading indicator of economic health. Readings above 50 indicate economic expansion, while readings below 50 signal contraction. If the actual figure exceeds expectations, it is considered supportive for the US dollar.The importance of this data is rated at 2. The index is calculated based on a survey of purchasing managers in the non-manufacturing sector and is released monthly, with the next publication scheduled for the following month.

this-content

disclaimer-th