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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS ISM Services Prices climbed to 71.3 in May 2026
FMPMonthlyReleased June 2026
US ISM Services Prices climbed to 71.3 in May 2026, released June 2026, up 0.6 from April's 70.7 reading. The reading matched the 71.3 consensus. The print is running well above the 12-month average of 67.75. Over the past 3 months, ISM Services Prices averaged 70.7, vs 64.63 in the prior 3-month window. ISM Services Prices is now the highest in 37 months.
Latest Release
71.3
Actual
71.3
Consensus
70.7
Previous
Median Absolute Error
±2.44
across last 12 releases
Last Call
Jun 2026
Predicted: 71.3
Actual: 71.3
Error: +0
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 | +0.94 | FOREX | Moves with | → View |
| GBP/USD | ▼ Inverse | −0.87 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.80 | FOREX | Moves against | → View |
| USD/CAD | ▲ Direct | +0.78 | FOREX | Moves with | → View |
| AUD/USD | ▼ Inverse | −0.76 | 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 71.30 in June 2026. This matched the market consensus of 71.30 exactly. 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.
WHY IT MATTERS
The trailing three releases averaged 66.97, up from the prior three at 66.57. Volatility over the past year (σ 2.76) is lower than the prior year (σ 3.55). In June readings over the past 3 years, ISM Services Prices has averaged 66.03.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 2.44.
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 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 (May 2026): actual 71.3, consensus 71.3. 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=0.94) — 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 |