Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The typical/expected impact on USD pairs is high.
There is no forecast value for ISM Services PMI yet - check back for updates.
The most recent announced value for ISM Services PMI was 50 against a forecast of 51.7.
Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next ISM Services PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Philadelphia Fed Manufacturing Survey | Bearish change | 23.2 | -12.8 | ||
NY Empire State Manufacturing Index | Bullish change | -8.7 | 10.7 | ||
Michigan Consumer Expectations Index | Bearish change | 51.7 | 51.2 | ||
Michigan Consumer Sentiment Index | Bearish change | 55.1 | 55 | ||
UoM 1-year Consumer Inflation Expectations | Bearish change | 4.7% | 4.6% | ||
UoM 5-year Consumer Inflation Expectation | (no change) | 3.7% | 3.7% | ||
ISM Services Employment Index | Bullish change | 46.5 | 47.2 | ||
ISM Services New Orders Index | Bearish change | 56 | 50.4 | ||
ISM Services Prices Paid | Bullish change | 69.2 | 69.4 |
Country: | United States |
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Currency: | USD |
Source: | Institute for Supply Management |
Category: | Economic Activity |
Frequency: | Monthly |