Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

Dec 16, 2024

Actual

58.5

Forecast

55.7

56.1

The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Importance:

Country:

Currency: USD

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Dec 17, 2024 (Dec)	01:45	58.5	55.7	56.1
Dec 05, 2024 (Nov)	01:45	56.1	57.0	55.0
Nov 23, 2024 (Nov)	01:45	57.0	55.2	55.0
Nov 06, 2024 (Oct)	01:45	55.0	55.3	55.2
Oct 25, 2024 (Oct)	00:45	55.3	55.0	55.2
Oct 04, 2024 (Sep)	00:45	55.2	55.4	55.7

News

Stock market today: Dow rides rotation into cyclicals to close at record high By Investing.com - Nov 23, 2024

Investing.com-- The Dow closed a fresh record high Friday, as the rotation into cyclical stocks including industrials continued to propel stocks higher amid weakness in tech. At 4.00 p.m. ET (2100...

Stock market today: S&P 500 closes higher as Tesla leads charge By Investing.com - Nov 19, 2024

Investing.com -- The S&P500 closed higher Monday, underpinned by a big tech and Tesla-driven rally ahead of key earnings from chipmaker Nvidia (NASDAQ:NVDA) as well as comments from a series of Fed...

Top 5 things to watch in markets in the week ahead By Investing.com - Nov 17, 2024

Investing.com -- AI darling Nvidia is reporting quarterly results, the crypto rally rolls on, the UK is to release inflation data and oil prices look set to remain on the back foot. Here's your look...

Analysis

PMI Data Lifts Some Q4 Nowcasts, but Median Growth Estimate Remains Modest By James Picerno - Dec 18, 2024

Several updated nowcasts for US economic activity in the fourth quarter have been revised sharply higher recently, but the median estimate barely changed, based on the several data points from a...

GBP/USD: How to Trade the Pair With UK Budget, US Election and Key Data on Horizon By Fawad Razaqzada - Oct 29, 2024

The GBP/USD was a touch higher on Tuesday after it managed to rebound on the back of a firmer risk tone on Monday. That followed Israel’s limited response in Iran at the weekend, raising hopes that...

Gold: This Drop Could Be a Bear Trap - How to Play the Potential Bounce Higher By Fawad Razaqzada - Jul 22, 2024

Gold's recent record highs were followed by a sharp decline, raising concerns about a peak. Despite this, support levels and historical patterns suggest that gold might rebound. Key economic events...

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