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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS ISM Services Prices climbed to 74 in September 2026
FMPMonthlyReleased October 2026
US ISM Services Prices climbed to 74 in September 2026, released October 2026, up 1.4 from August's 72.6 reading. The reading matched the 72.9 consensus. ISM Services Prices has now risen for 3 consecutive months. Over the past 3 months, ISM Services Prices averaged 71.45, vs 71 in the prior 3-month window. ISM Services Prices is now the highest in 38 months.
Latest Release
74
Actual
72.9
Consensus
72.6
Previous
Median Absolute Error
±1.99
across last 12 releases
Last Call
Oct 2026
Predicted: 75.58
Actual: 74
Error: +1.58
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 |
|---|---|---|---|---|---|
| AAPL | ▲ Direct | +0.71 | STOCKS | Moves with | → View |
| GBP/USD | ▼ Inverse | −0.68 | FOREX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.52 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.48 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ISM Services Prices (United States) was reported at 74.00 in October 2026. This beat the market consensus of 72.90 by 1.10. The reading rose from the previous value of 72.60. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 68.61, ranging from 63.00 to 74.00 across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 72.30, up from the prior three at 66.97. Volatility over the past year (σ 3.67) is lower than the prior year (σ 4.33). In October readings over the past 3 years, ISM Services Prices has averaged 67.60.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AAPL (Bullish AAPL). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 1.99.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include Initial Jobless Claims (Oct 29) and GDP Price Index QoQ (Oct 29).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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ISM Services Prices - US
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About ISM Services Prices — United States
DEFINITION
ISM Services Prices is a key financial indicator that measures the changes in prices for services in the United States. It is based on a monthly survey of purchasing and supply executives, providing valuable insights into the inflationary pressures within the services sector. This indicator is widely used by economists, investors, and policymakers to gauge the overall health of the economy and make informed decisions. A higher ISM Services Prices reading indicates rising prices, while a lower reading suggests a decrease in prices, making it a crucial tool for monitoring inflation and predicting future economic trends.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 74, consensus 72.9. Prior reading (Aug 2026): 72.6. Before that (Jul 2026): 70.3.
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 AAPL (Bullish AAPL, r=0.71) — a useful reference for stocks-focused traders.
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Economic Calendar - US Events
| Wednesday, October 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.5 | 0.5 | 0.55 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.4 | 0.1 | -0.1 | 0.15 | Medium |
| 12:30 | US | Goods Trade Balance | -134.9 | -132.07 | -130 | -132.45 | High |
| 14:30 | US | EIA Distillate Stocks Change | -1.462 | 1.675 | -0.9 | -1.18 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -1.892 | -3.061 | 0 | -0.95 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 3.87 | -2.952 | -0.9 | 1.49 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 4 | 4 | 4.00 | High |
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Initial Jobless Claims | 194 | 199 | 197.50 | High | |
| 12:30 | US | GDP Price Index QoQ | 6.1 | 3.2 | 4.55 | Medium | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index YoY | 3.4 | 3.6 | 3.60 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index MoM | 0.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3 | 3.1 | 3.10 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 197.75 | 197 | 193.38 | High | |
| 12:30 | US | Continuing Jobless Claims | 1728 | 1720 | 1711.00 | High | |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.9 | 5.30 | Low | |
| 12:30 | US | GDP Sales QoQ | 2.8 | 3.5 | 3.90 | Low | |
| 12:30 | US | Personal Spending MoM | 0.9 | 0.6 | 0.60 | High | |
| 12:30 | US | GDP Growth Rate QoQ | 2.2 | 3.2 | 2.90 | High | |
| 12:30 | US | Core PCE Prices QoQ | 3.3 | 2.4 | 2.35 | Low | |
| 12:30 | US | PCE Prices QoQ | 5 | 3.4 | 3.95 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 77 | 75 | 71.50 | Low | |