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U.S. Services Purchasing Managers Index (PMI)

Latest Release

Aug 03, 2022

Actual

47.3

Forecast

47.0

52.7

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

Release Date	Time	Actual	Forecast	Previous
Aug 23, 2022 (Aug)	09:45		52.6	47.3
Aug 03, 2022 (Jul)	09:45	47.3	47.0	52.7
Jul 22, 2022 (Jul)	09:45	47.0	52.6	52.7
Jul 06, 2022 (Jun)	09:45	52.7	51.6	51.6
Jun 23, 2022 (Jun)	09:45	51.6	53.5	53.4
Jun 03, 2022 (May)	09:45	53.4	53.5	55.6

News

Dollar Hands Back Some Gains; Pound Edges Higher Ahead of BOE Meeting By Investing.com - Aug 04, 2022

By Peter Nurse Investing.com - The U.S. dollar handed back some of its earlier gains in European trade Thursday, while the pound was flat ahead of the latest Bank of England rate decision. At 2:55 AM...

Nasdaq Futures Down 70 Pts; Snap Earnings Weigh By Investing.com - Jul 22, 2022

By Peter Nurse Investing.com -- U.S. stocks are seen opening marginally lower Friday, with the tech sector likely to underperform after disappointing quarterly earnings from social media giant...

Dow Futures Trade Lower as Earnings Continue By Investing.com - Jul 21, 2022

By Oliver Gray Investing.com - U.S stock futures fell during Thursday’s evening deals, after major benchmark averages finished higher during the regular session, with investors remaining...

Analysis

Commodities Week Ahead: Recession Fears Could Choke Oil, Keep Gold Steady By Barani Krishnan/Investing.com - Jun 20, 2022

US recession rumblings and chart-based selling could keep oil under pressure till it breaks below $100-a barrel this week; then a wave of buying could see crude prices claw back most of what they had...

Opening Bell: Futures, Stocks Recover On Possible U.S. Rate Hike Slowdown By Pinchas Cohen/Investing.com - May 25, 2022

Fed's Bostic urges slower path to higher rates Treasury demand eases Dollar recovers Key EventsGlobal stock markets and futures on the Dow Jones, S&P 500, NASDAQ 100, and Russell 2000 rebounded...

Opening Bell: Futures, Stocks Rebound With Cyclicals; Bitcoin Slips Below $30K By Pinchas Cohen/Investing.com - Jul 20, 2021

Reflation trade back in vogue Oil rout eases at technical crossroad Bitcoin slides below $30,000 Key FinancialsStrong earnings results from corporates that outperform during economic expansion helped...

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