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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS ISM Services PMI climbed to 54.5 in May 2026
FMPMonthlyReleased June 2026
US ISM Services PMI climbed to 54.5 in May 2026, released June 2026, up 0.9 from April's 53.6 reading. The reading matched the 53.8 consensus. Year-over-year, the indicator is up 4.6. Over the past 3 months, ISM Services PMI averaged 53.8, vs 54.77 in the prior 3-month window. The reading is in the 85th percentile of the trailing 24-month range.
Latest Release
54.5
Actual
53.8
Consensus
53.6
Previous
Median Absolute Error
±1.59
across last 12 releases
Last Call
Jun 2026
Predicted: 53.8
Actual: 54.5
Error: -0.7
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 | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
| USD/CHF | ▲ Direct | +0.32 | FOREX | Moves with | → View |
| AAPL | ▼ Inverse | −0.27 | STOCKS | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ISM Services PMI (United States) was reported at 54.50 in June 2026. This beat the market consensus of 53.80 by 0.70. 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. Volatility over the past year (σ 1.92) is comparable than the prior year (σ 1.77). In June readings over the past 3 years, ISM Services PMI has averaged 52.73.
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 1.59.
WHAT TO WATCH NEXT
The next release is scheduled for August 5, 2026. Same-country events in the next 14 days include Employment Cost Index QoQ (Jul 31) and Employment Cost - Wages QoQ (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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ISM Services PMI - US
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About ISM Services PMI — United States
DEFINITION
The ISM Services PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the services sector in the United States. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into the overall health and growth of the services industry. This indicator is closely monitored by investors, businesses, and policymakers as it can signal changes in economic activity and inflationary pressures. A reading above 50 indicates expansion in the services sector, while a reading below 50 suggests contraction. The ISM Services PMI is a reliable tool for assessing the current and future state of the US 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 typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 54.5, consensus 53.8. 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=-0.47) — a useful reference for forex-focused traders.
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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 | 0.2 | 0.7 | 0.3 | 0.35 | High |
| 12:30 | US | PCE Price Index MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | US | PCE Prices QoQ | 5.1 | 4.6 | 4 | 4.63 | Low |
| 12:30 | US | Initial Jobless Claims | 197 | 188 | 200 | 192.75 | Medium |
| 12:30 | US | Real Consumer Spending QoQ | 3.2 | 0.5 | 0.4 | 0.85 | Low |
| 12:30 | US | PCE Price Index YoY | 3.7 | 4.1 | 3.7 | 3.70 | Medium |
| 12:30 | US | GDP Growth Rate QoQ | 1.5 | 2.1 | 2.1 | 1.88 | High |
| 12:30 | US | Continuing Jobless Claims | 1782 | 1789 | 1800 | 1786.75 | Low |
| 12:30 | US | Gross Domestic Product QoQ | 1.5 | 2.1 | 2.1 | 1.90 | High |
| 12:30 | US | Jobless Claims 4-Week Average | 202.75 | 207.75 | 210 | 205.06 | Low |
| 12:30 | US | Core PCE Price Index MoM | 0.1 | 0.3 | 0.2 | 0.18 | High |
| 12:30 | US | GDP Sales QoQ | 2.2 | 1.9 | 1.4 | 1.82 | Low |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.4 | 3.3 | 3.30 | Low |
| 12:30 | US | Core PCE Prices QoQ | 3.4 | 4.4 | 3.5 | 3.52 | Low |
| 12:30 | US | GDP Price Index QoQ | 6.3 | 3.6 | 3.6 | 4.45 | Medium |
| 12:30 | US | Personal Spending MoM | 0.3 | 0.9 | 0.3 | 0.30 | High |
| 14:30 | US | EIA Natural Gas Stocks Change | 28 | 32 | 35 | 33.00 | Low |