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United States USD

United States ISM Services New Orders

Impact:
Low
Source: Institute for Supply Management

Latest Release:

Date:
Surprise:
-3.5
Actual:
52.9
Forecast: 56.4
Previous/Revision:
56.2
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The ISM Services New Orders index measures the level of new orders placed with service sector firms, providing insights into demand for services. Its primary focus is on the expectations of future activity within the services sector, which encompasses key areas such as production, employment, and business sentiment, and a reading above 50 indicates expansion, while a reading below 50 suggests contraction; it is a national indicator.
Frequency
The ISM Services New Orders index is released monthly, typically on the first business day of the following month, and it is considered a final figure without revisions.
Why Do Traders Care?
Traders monitor the ISM Services New Orders index because it serves as a leading indicator of economic activity, directly influencing financial markets. A higher-than-expected result is generally bullish for the US dollar and equities, while a weaker outcome can lead to bearish sentiment across these assets.
What Is It Derived From?
The index is derived from a monthly survey conducted by the Institute for Supply Management, in which purchasing managers from various service sector industries provide responses on new orders received. The data is compiled using a diffusion index methodology, where responses indicating expansion are weighted to create an overall index score.
Description
The ISM Services New Orders index reflects the underlying demand trends within the service sector, which represents a significant portion of the US economy. It is considered a leading economic indicator, providing insights into future growth and business activity, thus helping traders and policymakers assess economic health and trends.
Additional Notes
This index is often compared to other indicators like the overall ISM Services PMI as well as the ISM Manufacturing New Orders index, showing divergences which can signal future market movement. Importantly, the index is deemed a leading economic measure, with its results holding implications for future economic growth and price levels.

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 03, 2025
52.9
 56.4
56.2
 -3.5
Nov 05, 2025
56.2
 51
50.4
 5.2
Oct 03, 2025
50.4
 55
56
 -4.6
Sep 04, 2025
56
 50.1
50.3
 5.9
Aug 05, 2025
50.3
 51.4
51.3
 -1.1
Jul 03, 2025
51.3
 46.3
46.4
 5
Jun 04, 2025
46.4
 52.3
52.3
 -5.9
May 05, 2025
52.3
 49.2
50.4
 3.1
Apr 03, 2025
50.4
 52
52.2
 -1.6
Mar 05, 2025
52.2
 51.2
51.3
 1
Feb 05, 2025
51.3
 54.1
54.4
 -2.8
Jan 07, 2025
54.2
 54.2
53.7
Dec 04, 2024
53.7
 57.6
57.4
 -3.9
Nov 05, 2024
57.4
 58
59.4
 -0.6
Oct 03, 2024
59.4
 52
53
 7.4
Sep 05, 2024
53
 51.9
52.4
 1.1
Aug 05, 2024
52.4
 49.8
47.3
 2.6
Jul 03, 2024
47.3
 53.6
54.1
 -6.3
Jun 05, 2024
54.1
 53.2
52.2
 0.9
May 03, 2024
52.2
 54.5
54.4
 -2.3
Apr 03, 2024
54.4
 56
56.1
 -1.6
Mar 05, 2024
56.1
 54
55
 2.1
Feb 05, 2024
55
 53.1
52.8
 1.9
Jan 05, 2024
52.8
 55.7
55.5
 -2.9
Dec 05, 2023
55.5
 55.3
55.5
 0.2
Nov 03, 2023
55.5
 52
51.8
 3.5
Oct 04, 2023
51.8
 57
57.5
 -5.2
Sep 06, 2023
57.5
 54
55
 3.5
Aug 03, 2023
55
 55.6
55.5
 -0.6
Jul 06, 2023
55.5
 55.9
52.9
 -0.4
Jun 05, 2023
52.9
 56.2
56.1
 -3.3
May 03, 2023
56.1
 52
52.2
 4.1