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US ISM Services PMI fell to 53.6 in April 2026, released May 2026, down 0.4 from March's 54 reading. The reading matched the 53.7 consensus. ISM Services PMI has now declined for 3 consecutive months. Over the past 3 months, ISM Services PMI averaged 54.63, vs 53.5 in the prior 3-month window. The reading is in the 63rd percentile of the trailing 24-month range.
The May 2026 reading fell from the previous value of 54. Historically, this indicator is positively correlated with USD/CHF (Bullish USD) and negatively correlated with GOOGL (Bearish GOOGL).
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| Wednesday, May 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | PPI Ex Food, Energy and Trade YoY | 4.4 | 3.7 | 3.7 | 4.05 | Low | |
| 12:30 | Producer Price Index | 156.496 | 154.372 | 154.6 | 155.55 | Low | |
| 12:30 | Core PPI MoM | 1 | 0.2 | 0.3 | 0.65 | Medium | |
| 12:30 | Producer Price Index MoM | 1.4 | 0.7 | 0.5 | 0.95 | High | |
| 12:30 | Core PPI YoY | 5.2 | 4 | 4.3 | 4.75 | Low | |
| 12:30 | Producer Price Index YoY | 6 | 4.3 | 4.9 | 5.45 | Low | |
| 12:30 | PPI Ex Food, Energy and Trade MoM | 0.6 | 0.2 | 0.3 | 0.45 | Low | |
| 14:30 | EIA Gasoline Stocks Change | -4.084 | -2.504 | -2.85 | -3.47 | Medium | |
| 14:30 | EIA Crude Oil Stocks Change | -4.306 | -2.313 | -2.1 | -3.20 | Medium | |
| 14:30 | EIA Distillate Stocks Change | 0.19 | -1.294 | -2.83 | -1.32 | Low | |
| Thursday, May 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Retail Sales Ex Autos MoM | 0.7 | 1.9 | 0.6 | 0.65 | Medium | |
| 12:30 | Initial Jobless Claims | 211 | 199 | 205 | 208.00 | Medium | |
| 12:30 | Continuing Jobless Claims | 1782 | 1758 | 1790 | 1786.00 | Low | |
| 12:30 | Export Prices YoY | 8.8 | 5.4 | 6.6 | 7.70 | Low | |
| 12:30 | Import Prices MoM | 1.9 | 0.9 | 1 | 1.45 | Medium | |
| 12:30 | Retail Sales MoM | 0.5 | 1.6 | 0.5 | 0.50 | High | |
| 12:30 | Import Prices YoY | 4.2 | 2.3 | 2.9 | 3.55 | Low | |
| 12:30 | Export Prices MoM | 3.3 | 1.5 | 1.1 | 2.20 | Medium | |
| 12:30 | Retail Sales Ex Gas/Autos MoM | 0.5 | 0.7 | 0.1 | 0.30 | Low | |
| 12:30 | Jobless Claims 4-Week Average | 203.75 | 203 | 203.5 | 203.63 | Low | |
| 12:30 | Retail Sales YoY | 4.9 | 4.2 | 3.3 | 4.10 | Low | |
| 14:00 | Business Inventories MoM | 0.9 | 0.4 | 0.8 | 0.85 | Medium | |
| 14:00 | Retail Inventories Ex Autos MoM | 0.4 | 0.3 | 0.5 | 0.45 | Low | |
| 14:30 | EIA Natural Gas Stocks Change | 85 | 63 | 85 | 85.00 | Low | |
| 15:30 | Atlanta Fed GDPNow | 4 | 3.7 | 3.7 | 3.85 | Medium | |