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.

Hide description Full calendar

Most recent - Monday 5 June 2023 14:00

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

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

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

83.1

Thursday 3 February 2022 15:00

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

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

Thursday 3 September 2020 14:00

61.7

64.2

Wednesday 5 August 2020 14:00

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:

		Previous	Latest
Initial Jobless Claims	Bearish change	233K	261K
Initial Jobless Claims 4-week average	Bearish change	229.75K	237.25K
Goods and Services Trade Balance	Bearish change	$-60.6B	$-74.6B
Factory Orders (MoM)	Bearish change	0.9%	0.4%
ISM Services Employment Index	Bearish change	50.8	49.2
ISM Services New Orders Index	Bearish change	56.1	52.9
ISM Services PMI	Bearish change	51.9	50.3
S&P Global Composite PMI	Bearish change	54.5	54.3
S&P Global Services PMI	Bearish change	55.1	54.9
Average Hourly Earnings (MoM)	Bearish change	0.4%	0.3%
Average Hourly Earnings (YoY)	Bearish change	4.4%	4.3%
Labor Force Participation Rate	(no change)	62.6%	62.6%
Nonfarm Payrolls	Bullish change	294K	339K
U6 Underemployment Rate	Bearish change	6.6%	6.7%
Unemployment Rate	Bearish change	3.4%	3.7%
ISM Manufacturing Employment Index	Bullish change	50.2	51.4
ISM Manufacturing New Orders Index	Bearish change	45.7	42.6
ISM Manufacturing PMI	Bearish change	47.1	46.9
ISM Manufacturing Prices Paid	Bearish change	53.2	44.2
S&P Global Manufacturing PMI	Bearish change	48.5	48.4
Initial Jobless Claims	Bearish change	230K	232K
Initial Jobless Claims 4-week average	Bullish change	232K	229.5K
Nonfarm Productivity	Bullish change	-2.7%	-2.1%
Unit Labor Costs	Bearish change	6.3%	4.2%
ADP Employment Change	Bearish change	291K	278K
Chicago Purchasing Managers' Index	Bearish change	48.6	40.4
Housing Price Index (MoM)	Bearish change	0.7%	0.6%
S&P/Case-Shiller Home Price Indices (YoY)	Bearish change	0.4%	-1.1%

About ISM Services Prices Paid

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

Related events

	Australia		Consumer Price Index (QoQ)
	Australia		RBA Trimmed Mean CPI (QoQ)
	Canada		BoC Consumer Price Index Core (YoY)
	China		Consumer Price Index (YoY)
	Germany		Harmonized Index of Consumer Prices (YoY)
	New Zealand		Consumer Price Index (YoY)
	United Kingdom		Consumer Price Index (YoY)
	United States		Consumer Price Index ex Food & Energy (MoM)
	United States		Consumer Price Index ex Food & Energy (YoY)
	Australia		Monthly Consumer Price Index (YoY)
	Australia		TD Securities Inflation (MoM)
	Australia		TD Securities Inflation (YoY)
	Australia		Consumer Price Index (YoY)
	Australia		Consumer Inflation Expectations
	Canada		BoC Consumer Price Index Core (MoM)
	Canada		Consumer Price Index (MoM)
	Canada		Consumer Price Index (YoY)
	Canada		Consumer Price Index - Core (MoM)
	China		Consumer Price Index (MoM)
	China		Producer Price Index (YoY)
	Germany		Producer Price Index (MoM)
	Eurozone		Core Harmonized Index of Consumer Prices (MoM)
	Eurozone		Harmonized Index of Consumer Prices (MoM)
	Eurozone		Core Harmonized Index of Consumer Prices (YoY)
	Japan		National CPI ex-Fresh Food (YoY)
	Japan		Tokyo Consumer Price Index (YoY)
	Japan		National CPI ex Food, Energy (YoY)
	Japan		Tokyo CPI ex Food, Energy (YoY)
	Japan		National Consumer Price Index (YoY)
	Japan		Tokyo CPI ex Fresh Food (YoY)
	New Zealand		RBNZ Inflation Expectations (QoQ)
	New Zealand		Consumer Price Index (QoQ)
	United Kingdom		Core Consumer Price Index (YoY)
	United Kingdom		Retail Price Index (MoM)
	United Kingdom		Retail Price Index (YoY)
	United Kingdom		PPI Core Output (YoY) n.s.a
	United Kingdom		Consumer Price Index (MoM)
	United Kingdom		PPI Core Output (MoM) n.s.a
	United States		Housing Price Index (MoM)
	United States		ISM Manufacturing Prices Paid
	United States		Fed Index of Common Inflation Expectations
	United States		Core Personal Consumption Expenditures - Price Index (MoM)
	United States		Consumer Price Index (YoY)
	United States		Consumer Price Index Core s.a
	United States		Producer Price Index ex Food & Energy (YoY)
	United States		Consumer Price Index (MoM)
	United States		Core Personal Consumption Expenditures - Price Index (YoY)

Calendar - ISM Services Prices Paid - United States

ISM Services Prices Paid

Most recent - Monday 5 June 2023 14:00

Next event - Wednesday 5 July 2023 14:00

Trading range

Trading range after each ISM Services Prices Paid event

Forecast history

Past events

Economic context

About ISM Services Prices Paid

Related events