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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS ISM Non-Manufacturing Prices climbed to 71.3 in May 2026
FMPMonthlyReleased June 2026
US ISM Non-Manufacturing Prices climbed to 71.3 in May 2026, released June 2026, up 0.6 from April's 70.7 reading. The reading matched the 72.3 consensus.
Latest Release
71.300000
Actual
72.300000
Consensus
70.700000
Previous
Median Absolute Error
±2.2
across last 12 releases
Last Call
Jun 2026
Predicted: 72.3
Actual: 71.3
Error: +1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.47 | FOREX | Moves with | → View |
| MSFT | ▼ Inverse | −0.38 | STOCKS | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.30 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ISM Non-Manufacturing Prices (United States) was reported at 71.30 in June 2026. This missed the market consensus of 72.30 by 1.00. The reading rose from the previous value of 70.70. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 67.68, ranging from 63.00 to 71.30 across 9 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 66.97, up from the prior three at 66.57.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with MSFT, negatively correlated (Bearish MSFT). Over the last 12 releases, the Sigmacast model's median absolute error is 2.20.
WHAT TO WATCH NEXT
The next release is scheduled for August 5, 2026. Same-country events in the next 14 days include Personal Income MoM (Jul 30) and PCE Price Index MoM (Jul 30).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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ISM Non-Manufacturing Prices - US
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About ISM Non-Manufacturing Prices — United States
DEFINITION
The ISM Non-Manufacturing Prices is a key financial indicator that measures the changes in prices for non-manufacturing goods and services. It provides valuable insights into the overall inflationary pressures in the economy, as well as the pricing power of service-based businesses. This indicator is closely monitored by investors, policymakers, and businesses alike, as it can impact consumer spending, business investment, and overall economic growth.
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 71.3, consensus 72.3. Prior reading (Apr 2026): 70.7. Before that (Mar 2026): 70.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.47) — a useful reference for forex-focused traders.
Σ
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Economic Calendar - US Events
| Wednesday, July 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:30 | US | EIA Crude Oil Stocks Change | -7.167 | 2.011 | -1.3 | -4.23 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 0.007 | 0.765 | -0.7 | -0.35 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | 1.062 | 1.395 | 0.2 | 0.63 | Low |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Personal Income MoM | 0.7 | 0.3 | 0.45 | High | |
| 12:30 | US | PCE Price Index MoM | 0.4 | -0.1 | -0.10 | Medium | |
| 12:30 | US | PCE Prices QoQ | 4.6 | 4 | 4.70 | Low | |
| 12:30 | US | Initial Jobless Claims | 187 | 200 | 187.00 | Medium | |
| 12:30 | US | Real Consumer Spending QoQ | 0.5 | 0.4 | -0.10 | Low | |
| 12:30 | US | PCE Price Index YoY | 4.1 | 3.7 | 3.70 | Medium | |
| 12:30 | US | GDP Growth Rate QoQ | 2.1 | 2.1 | 1.95 | High | |
| 12:30 | US | Continuing Jobless Claims | 1796 | 1800 | 1782.50 | Low | |
| 12:30 | US | Gross Domestic Product QoQ | 2.1 | 2.3 | 2.20 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 207.5 | 210 | 203.75 | Low | |
| 12:30 | US | Core PCE Price Index MoM | 0.3 | 0.2 | 0.20 | High | |
| 12:30 | US | GDP Sales QoQ | 1.9 | 1.4 | 1.85 | Low | |
| 12:30 | US | Core PCE Price Index YoY | 3.4 | 3.3 | 3.30 | Low | |
| 12:30 | US | Core PCE Prices QoQ | 4.4 | 3.5 | 3.60 | Low | |
| 12:30 | US | GDP Price Index QoQ | 3.6 | 3.6 | 3.95 | Medium | |
| 12:30 | US | Personal Spending MoM | 0.7 | 0.3 | 0.30 | High | |
| 14:30 | US | EIA Natural Gas Stocks Change | 32 | 37 | 36.50 | Low | |