United States USD

United States ISM Services Prices

Impact:
Low
Source: Institute for Supply Management

Latest Release:

Date:
Surprise:
3.9
Actual:
65.1
Forecast: 61.2
Previous/Revision:
60.9
Period: Apr

Next Release:

Date:
Forecast: 65.7
Period: May
What Does It Measure?
The ISM Services Prices index measures the trends in prices paid by services sector firms, reflecting inflationary pressures within the service industry. It focuses primarily on pricing dynamics related to the costs of goods and services bought by businesses, providing insights into broader inflation trends in the economy.
Frequency
This report is published on a monthly basis, typically released on the first business day of the month and contains both preliminary and final figures.
Why Do Traders Care?
Traders monitor the ISM Services Prices index because changes in service prices can significantly impact inflation expectations and monetary policy decisions, influencing financial markets. Positive or higher-than-expected results are typically bullish for the U.S. dollar and equities, while weaker readings may lead to bearish sentiments.
What Is It Derived From?
The index is derived from responses to a monthly survey conducted among purchasing and supply management executives in the non-manufacturing sector, which assesses a variety of price-related metrics. The data is collected using diffusion indices, and the results are weighted according to the size of the companies represented in the survey.
Description
The ISM Services Prices index reflects current pricing pressures within the service sector and serves as a key barometer for inflation trends. It is considered a coincident indicator, as it provides real-time data related to economic conditions, thereby assisting investors and policymakers in making informed decisions about monetary policy and financial strategies.
Additional Notes
This index is often compared with other inflation indicators, such as the Consumer Price Index (CPI), to gauge the overall inflationary landscape. It plays a crucial role in analyzing economic health and is pertinent in forecasting potential shifts in monetary policy.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks. A hawkish tone: Signaling higher interest rates due to inflation concerns is usually good for the USD but bad for Stocks due to higher borrowing costs.

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
May 05, 2025
65.1
 61.2
60.9
 3.9
Apr 03, 2025
60.9
 64
62.6
 -3.1
Mar 05, 2025
62.6
 60
60.4
 2.6
Feb 05, 2025
60.4
 64.8
64.4
 -4.4
Jan 07, 2025
64.4
 57.5
58.2
 6.9
Dec 04, 2024
58.2
 58.2
58.1
Nov 05, 2024
58.1
 58
59.4
 0.1
Oct 03, 2024
59.4
 56.3
57.3
 3.1
Sep 05, 2024
57.3
 56
57
 1.3
Aug 05, 2024
57
 55.8
56.3
 1.2
Jul 03, 2024
56.3
 56.7
58.1
 -0.4
Jun 05, 2024
58.1
 59
59.2
 -0.9
May 03, 2024
59.2
 55
53.4
 4.2
Apr 03, 2024
53.4
 58.4
58.6
 -5
Mar 05, 2024
58.6
 63
64
 -4.4
Feb 05, 2024
64
 56.5
57.4
 7.5
Jan 05, 2024
57.4
 58.1
58.3
 -0.7
Dec 05, 2023
58.3
 58
58.6
 0.3
Nov 03, 2023
58.6
 58.5
58.9
 0.1
Oct 04, 2023
58.9
 58.5
58.9
 0.4
Sep 06, 2023
58.9
 56.4
56.8
 2.5
Aug 03, 2023
56.8
 52.1
54.1
 4.7
Jul 06, 2023
54.1
 53.3
56.2
 0.8
Jun 05, 2023
56.2
 59.7
59.6
 -3.5
May 03, 2023
59.6
 59
59.5
 0.6