X

ISM Services Prices Paid

The ISM Non-Manufacturing PMI released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. It is a significant indicator of the overall economic condition in the US. The ISM Prices Paid represents business sentiment regarding future inflation. A high reading is seen as positive for the USD, while a low reading is seen as negative.

Most recent - Monday 5 June 2023 14:00

Previous
59.6
Revised
-
Forecast
57.8
Actual
56.2

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Wednesday 5 July 2023 14:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for ISM Services Prices Paid yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Services Prices Paid was 56.2 against a forecast of 57.8.

Past events

Date
Forecast
Actual
Monday 5 June 2023 14:00
57.8
56.2
Wednesday 3 May 2023 14:00
59.9
59.6
Wednesday 5 April 2023 14:00
65.2
59.5
Friday 3 March 2023 15:00
64.5
65.6
Friday 3 February 2023 15:00
65.5
67.8
Friday 6 January 2023 15:00
71.5
67.6
Monday 5 December 2022 15:00
73.6
70
Thursday 3 November 2022 14:00
71.3
70.7
Wednesday 5 October 2022 14:00
69.8
68.7
Tuesday 6 September 2022 14:00
76.5
71.5
Wednesday 3 August 2022 14:00
81.6
72.3
Wednesday 6 July 2022 14:00
83.9
80.1
Friday 3 June 2022 14:00
84.9
82.1
Wednesday 4 May 2022 14:00
84.1
84.6
Tuesday 5 April 2022 14:00
83.3
83.8
Thursday 3 March 2022 15:00
83
83.1
Thursday 3 February 2022 15:00
83
82.3
Thursday 6 January 2022 15:00
83.6
82.5
Friday 3 December 2021 15:00
80.9
82.3
Wednesday 3 November 2021 14:00
76.9
82.9
Tuesday 5 October 2021 14:00
79.3
77.5
Friday 3 September 2021 14:00
81.6
75.4
Wednesday 4 August 2021 14:00
-
82.3
Tuesday 6 July 2021 14:00
79.3
79.5
Thursday 3 June 2021 14:00
75.9
80.6
Wednesday 5 May 2021 14:00
73.3
76.8
Monday 5 April 2021 14:00
68.3
74
Wednesday 3 March 2021 15:00
64.7
71.8
Wednesday 3 February 2021 15:00
65.6
64.2
Thursday 7 January 2021 15:00
65.2
64.8
Thursday 3 December 2020 15:00
61.6
66.1
Wednesday 4 November 2020 15:00
61.6
63.9
Monday 5 October 2020 14:00
61.1
59
Thursday 3 September 2020 14:00
61.7
64.2
Wednesday 5 August 2020 14:00
64
57.6
Monday 6 July 2020 14:00
53.9
62.4

Economic context

Recent economic data has been strongly bearish for USD. Other recent announcements which may affect the market's interpretation of the next ISM Services Prices Paid result:

PreviousLatest
Initial Jobless ClaimsBearish change233K261K
Initial Jobless Claims 4-week averageBearish change229.75K237.25K
Goods and Services Trade BalanceBearish change$-60.6B$-74.6B
Factory Orders (MoM)Bearish change0.9%0.4%
ISM Services Employment IndexBearish change50.849.2
ISM Services New Orders IndexBearish change56.152.9
ISM Services PMIBearish change51.950.3
S&P Global Composite PMIBearish change54.554.3
S&P Global Services PMIBearish change55.154.9
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4.4%4.3%
Labor Force Participation Rate(no change)62.6%62.6%
Nonfarm PayrollsBullish change294K339K
U6 Underemployment RateBearish change6.6%6.7%
Unemployment RateBearish change3.4%3.7%
ISM Manufacturing Employment IndexBullish change50.251.4
ISM Manufacturing New Orders IndexBearish change45.742.6
ISM Manufacturing PMIBearish change47.146.9
ISM Manufacturing Prices PaidBearish change53.244.2
S&P Global Manufacturing PMIBearish change48.548.4
Initial Jobless ClaimsBearish change230K232K
Initial Jobless Claims 4-week averageBullish change232K229.5K
Nonfarm ProductivityBullish change-2.7%-2.1%
Unit Labor CostsBearish change6.3%4.2%
ADP Employment ChangeBearish change291K278K
Chicago Purchasing Managers' IndexBearish change48.640.4
Housing Price Index (MoM)Bearish change0.7%0.6%
S&P/Case-Shiller Home Price Indices (YoY)Bearish change0.4%-1.1%

About ISM Services Prices Paid

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Inflation
Frequency:Monthly

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