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United States USD

United States S&P Global Services PMI Flash

Impact:
High
Source: S&P Global

Latest Release:

Date:
Surprise:
1.8
| USD
Actual:
57
Forecast: 55.2
Previous/Revision:
55
Period: Nov

Next Release:

Date:
Forecast: 53
Period: Sep
What Does It Measure?
The S&P Global Services PMI Flash measures the economic performance of the services sector in the United States, providing insights into business activity, employment levels, and pricing pressures within the sector. It primarily focuses on the health of the services industry, a key component of the US economy, with a reading above 50 indicating expansion and below 50 indicating contraction.
Frequency
The index is released monthly, typically around the middle of the month, and is considered a preliminary estimate that reflects early data from surveys of purchasing managers, subject to revision in subsequent reports.
Why Do Traders Care?
Traders pay close attention to the S&P Global Services PMI Flash because it serves as a leading indicator of economic activity, influencing expectations for GDP growth and monetary policy. Higher-than-expected readings are generally bullish for the US dollar and equities, while weaker results may lead to bearish sentiment in these markets, impacting investor decisions and asset valuations.
What Is It Derived From?
This index is derived from a survey of approximately 400 service sector companies, where purchasing managers report on various aspects of business activity, including new orders, employment, and prices. The data is collected using a diffusion index methodology, which assigns weights to responses, thereby creating a composite index that reflects overall economic conditions in the services sector.
Description
The S&P Global Services PMI Flash is crucial for understanding the immediate state of the service industry, which accounts for a substantial portion of the US economy. It is a preliminary estimate based on timely survey responses, and its early release often makes it a focal point for traders looking to gauge the current economic landscape, particularly in relation to consumer spending, which heavily influences the services sector.
Additional Notes
The S&P Global Services PMI Flash is considered a leading economic indicator, as it can signal future economic trends before they materialize fully. The index is often analyzed alongside other indicators like the Composite PMI and ISM Services PMI to provide a comprehensive view of economic performance, not just in the US but also in comparison to global service sector health.
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
Aug 21, 2025
 
 54.2  
Jul 24, 2025
 
 53  
Jun 23, 2025
 
 52.9  
May 22, 2025
 
 50.8  
Apr 23, 2025
 
 52.5  
Mar 24, 2025
 
 50.8  
Feb 21, 2025
 
 53  
Jan 24, 2025
 
 56.5  
Dec 16, 2024
 
 55.7  
Nov 22, 2024
57
 55.2
55
 1.8
Oct 24, 2024
55.3
 55
55.2
 0.3
Sep 23, 2024
55.4
 55.3
55.7
 0.1
Aug 22, 2024
55.2
 54
55
 1.2
Jul 24, 2024
56
 55
55.3
 1
Jun 21, 2024
55.1
 53.7
54.8
 1.4
May 23, 2024
54.8
 51.3
51.3
3.5
Apr 23, 2024
50.9
 52
51.7
 -1.1
Mar 21, 2024
51.7
 52
52.3
 -0.3
Feb 22, 2024
51.3
 52
52.5
 -0.7
Jan 24, 2024
52.9
 51
51.4
 1.9
Dec 15, 2023
51.3
 50.6
50.8
 0.7
Nov 24, 2023
50.8
 50.4
50.6
 0.4
Oct 24, 2023
50.9
 49.8
50.1
 1.1
Sep 22, 2023
50.2
 50.6
50.5
 -0.4
Aug 23, 2023
51
 52.2
52.3
 -1.2
Jul 24, 2023
52.4
 54
54.4
 -1.6
Jun 23, 2023
54.1
 54
54.9
 0.1
May 23, 2023
55.1
 52.6
53.6
 2.5
Apr 21, 2023
53.7
 51.5
52.6
 2.2
Mar 24, 2023
53.8
 50.5
50.6
 3.3
Feb 21, 2023
50.5
 47.2
46.8
 3.3
Jan 24, 2023
46.6
 45
44.7
 1.6
Dec 16, 2022
44.4
 46.8
46.2
 -2.4
Nov 23, 2022
46.1
 47.9
47.8
 -1.8
Oct 24, 2022
46.6
 49.2
49.3
 -2.6
Sep 23, 2022
49.2
 45
43.7
 4.2
Aug 23, 2022
44.1
 49.2
47.3
-5.1
Jul 22, 2022
47
 52.6
52.7
-5.6
Jun 23, 2022
51.6
 53.5
53.4
 -1.9
May 24, 2022
53.5
 55.2
55.6
 -1.7
Apr 22, 2022
54.7
 58
58
 -3.3