2026-03-04 15:00:00
- Prior month 53.8
- ISM non- manufacturing PMI for February 56.1 versus 53.5 estimate.
- Nonmanufacturing business activity 59.9 vs 57.4 last month
- employment index 51.8 vs 50.3 last month.
- New orders 58.6 vs 53.1 last month.
- Prices paid 63.0 vs 66.6 last month
What is it?
The ISM Non-Manufacturing PMI (also called the ISM Services PMI) is a monthly survey published by the Institute for Supply Management (ISM) that measures the health and direction of the U.S. services sector, which accounts for roughly two-thirds of the U.S. economy. The index is based on responses from purchasing and supply executives across industries such as retail, finance, healthcare, transportation, construction, and professional services. Participants report whether business conditions—such as business activity, new orders, employment, supplier deliveries, and prices—are improving, unchanged, or deteriorating compared with the previous month. These responses are compiled into diffusion indices where a reading above 50 indicates expansion in the services sector, while a reading below 50 signals contraction. Because the services sector represents the majority of economic activity in the United States, the ISM Non-Manufacturing PMI is widely watched by economists, investors, and policymakers as an early indicator of economic momentum, inflation pressures, and labor market trends.
