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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS ISM Non-Manufacturing PMI climbed to 54.5 in May 2026
FMPMonthlyReleased June 2026
US ISM Non-Manufacturing PMI climbed to 54.5 in May 2026, released June 2026, up 0.9 from April's 53.6 reading. The reading matched the 53.7 consensus.
Latest Release
54.500000
Actual
53.700000
Consensus
53.600000
Previous
Median Absolute Error
±1.76
across last 12 releases
Last Call
Jun 2026
Predicted: 53.7
Actual: 54.5
Error: -0.8
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.49 | FOREX | Bearish USD | → View |
| USD/CHF | ▲ Direct | +0.43 | FOREX | Bullish USD | → View |
| S&P 500 | ▼ Inverse | −0.35 | INDEX | Bearish S&P 500 | → View |
| AAPL | ▼ Inverse | −0.29 | STOCKS | Bearish AAPL | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ISM Non-Manufacturing PMI (United States) was reported at 54.50 in June 2026. This beat the market consensus of 53.70 by 0.80. The reading rose from the previous value of 53.60. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 52.88, ranging from 50.00 to 56.10 across 9 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 54.80, up from the prior three at 53.13.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with USD/CHF, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.76.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Industrial Production MoM (Jun 15) and NAHB Housing Market Index (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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ISM Non-Manufacturing PMI - US
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About ISM Non-Manufacturing PMI — United States
DEFINITION
The ISM Non-Manufacturing PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the non-manufacturing sector in the United States. It provides valuable insights into the overall health and growth of industries such as retail, healthcare, and finance. This index is based on a monthly survey of purchasing managers, and a reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. As a widely followed indicator, the ISM Non-Manufacturing PMI is used by investors, businesses, and policymakers to make informed decisions and assess the state of the economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 54.5, consensus 53.7. Prior reading (Apr 2026): 53.6. Before that (Mar 2026): 54.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bearish USD, r=-0.49) — a useful reference for forex-focused traders.