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U.S. Services Purchasing Managers Index (PMI)

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U.S. Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Jan 24, 2023
Actual
46.6
Forecast
45.0
Previous
44.7
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
U.S. Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Feb 04, 2023 (Jan) 01:45   46.6 46.6
Jan 25, 2023 (Jan) 01:45   46.6 45.0 44.7
Jan 06, 2023 (Dec) 01:45 44.7 44.4 46.2
Dec 17, 2022 (Dec) 01:45   44.4 46.8 46.2
Dec 06, 2022 (Nov) 01:45 46.2 46.1 47.8
Nov 24, 2022 (Nov) 01:45   46.1 47.9 47.8

News

Dow futures remain flat, earnings in focus
Dow futures remain flat, earnings in focus By Investing.com - Jan 24, 2023

By Oliver Gray  Investing.com - U.S. stock futures were little changed during Monday’s evening trade after major indices finished the regular session higher as investors digested a fresh batch of...

Dow futures tick lower as investors brace for tech earnings
Dow futures tick lower as investors brace for tech earnings By Investing.com - Jan 23, 2023

By Oliver Gray  Investing.com - U.S. stock futures were trading in a tight range during Sunday’s evening deals, following a mixed week for major benchmark averages as market participants digested...

Analysis

Greg Peel
The Overnight Report: Hanging In By Greg Peel - Jan 25, 2023

By Greg Peel Bad News! According to NAB’s December business confidence survey, business conditions have deteriorated, with the index falling -8 points to +12. Oh woe is us. But the numbers...

David Llewellyn-Smith
Australian dollar forecast for 2023 By David Llewellyn-Smith - Jan 09, 2023 1

DXY sagged with US jobs despite a good report. EUR is ripping your face off:   Everybody hates DXY and everybody loves EUR:AUD is griding lower versus EUR and at breakout levels versus DXY:The market...

Greg Peel
The Overnight Report: Within Minutes By Greg Peel - Nov 24, 2022

Break on Through The ASX200 had no trouble conquering 7200 yesterday, smashing through from the open and then settling into an otherwise dull session. It was an opening step-up, and that was that,...

Services PMI Discussion

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