United States USD

United States S&P Global Services PMI Final

Impact:
Medium
Source: S&P Global

Latest Release:

Date:
Big Surprise:
-0.9
| USD
Actual:
56.1
Forecast: 57
Previous/Revision:
55
Period: Nov

Next Release:

Date:
Forecast: 58.5
Period: Dec
What Does It Measure?
The S&P Global Services PMI Final measures the economic health of the services sector in the United States, focusing explicitly on variables such as business activity, new orders, employment, and prices. This indicator provides insights into the overall service sector's performance, indicating whether the economy is expanding (above 50) or contracting (below 50).
Frequency
This report is released monthly, typically about three working days after the end of the month, and it provides final figures that reflect any revisions from preliminary estimates.
Why Do Traders Care?
Traders closely monitor the S&P Global Services PMI Final as it significantly impacts the financial markets, influencing asset classes such as currencies and equities. A stronger-than-expected PMI reading often leads to bullish sentiments in stocks and a potential appreciation of the dollar, while weaker results may create bearish pressures.
What Is It Derived From?
The S&P Global Services PMI Final is derived from a monthly survey of purchasing managers in the services sector, which gathers their assessments of business conditions and expectations. It employs a diffusion index methodology where a score above 50 indicates expansion and below 50 indicates contraction, with weightings assigned to various components based on their importance to the economy.
Description
The S&P Global Services PMI Final presents a comprehensive overview of the U.S. services sector by analyzing components such as service activity, new business, and employment levels to gauge economic expansion or contraction over time. This report is essential for understanding near-term changes in economic momentum, as services account for a significant portion of GDP and employment in the United States.
Additional Notes
The S&P Global Services PMI is considered a leading economic indicator, as it often reflects changes in business sentiment and future economic activity before they manifest in broader economic data. Trends in the services PMI can provide insights into consumer spending and overall economic growth, particularly in comparison with manufacturing PMI and other economic indicators.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Dec 04, 2024
56.1
 57
55
-0.9
Nov 05, 2024
55
 55.3
55.2
 -0.3
Oct 03, 2024
55.2
 55.4
55.7
 -0.2
Sep 05, 2024
55.7
 55.2
55
 0.5
Aug 05, 2024
55
 56
55.3
-1
Jul 03, 2024
55.3
 55.1
54.8
 0.2
Jun 05, 2024
54.8
 54.8
51.3
May 03, 2024
51.3
 50.9
51.7
 0.4
Apr 03, 2024
51.7
 51.7
52.3
Mar 05, 2024
52.3
 51.3
52.5
1
Feb 05, 2024
52.5
 52.9
51.4
 -0.4
Jan 04, 2024
51.4
 51.3
50.8
 0.1
Dec 05, 2023
50.8
 50.8
50.6
Nov 03, 2023
50.6
 50.9
50.1
 -0.3
Oct 04, 2023
50.1
 50.2
50.5
 -0.1
Sep 06, 2023
50.5
 51
52.3
 -0.5
Aug 03, 2023
52.3
 52.4
54.4
 -0.1
Jul 06, 2023
54.4
 54.1
54.9
 0.3
Jun 05, 2023
54.9
 55.1
53.6
 -0.2
May 03, 2023
53.6
 53.7
52.6
 -0.1
Apr 05, 2023
52.6
 53.8
50.6
-1.2
Mar 03, 2023
50.6
 50.5
46.8
 0.1
Feb 03, 2023
46.8
 46.6
44.7
 0.2
Jan 05, 2023
44.7
 44.4
46.2
 0.3
Dec 05, 2022
46.2
 46.1
47.8
 0.1
Nov 03, 2022
47.8
 46.6
49.3
1.2
Oct 05, 2022
49.3
 49.2
43.7
 0.1
Sep 06, 2022
43.7
 44.8
47.3
-1.1
Aug 03, 2022
47.3
 47
52.7
 0.3
Jul 06, 2022
52.7
 51.6
53.4
1.1
Jun 03, 2022
53.4
 53.5
55.6
 -0.1
May 04, 2022
55.6
 54.7
58
0.9
Apr 05, 2022
58
 58.9
56.5
 -0.9