The ISM Services PMI in the US fell to 54.0 in June 2026, down from 54.5 in May, matching market expectations. The reading still indicates solid expansion in US services activity, though at a softer pace, driven by a slowdown in business activity growth (55.4 vs. 57.7 in May) and new orders (55.1 vs. 57.3). Meanwhile, the employment index saw its largest increase since 2024, rising to 51.2 from 47.9, marking the first expansion in headcount since February. Price inflation also eased to a four-month low of 67.7, down from 71.3. Despite ongoing concerns about persistent inflation tied to the Middle East conflict, survey respondents noted that business conditions remain robust. source: Institute for Supply Management

Non Manufacturing PMI in the United States decreased to 54 points in June from 54.50 points in May of 2026. Non Manufacturing PMI in the United States averaged 54.69 points from 1997 until 2026, reaching an all time high of 67.60 points in November of 2021 and a record low of 37.80 points in November of 2008. This page provides the latest reported value for - United States ISM Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Non Manufacturing PMI in the United States decreased to 54 points in June from 54.50 points in May of 2026. Non Manufacturing PMI in the United States is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Services PMI is projected to trend around 53.00 points in 2027, according to our econometric models.




Components Last Previous Unit Reference
ISM Services Business Activity 55.40 57.70 points Jun 2026
ISM Services Employment 51.20 47.90 points Jun 2026
ISM Services New Orders 55.10 57.30 points Jun 2026
ISM Services Prices 67.70 71.30 points Jun 2026

Related Last Previous Unit Reference
ISM Manufacturing PMI 53.30 54.00 points Jun 2026
Dallas Fed Services Index 2.90 -7.70 points Jun 2026
NY Fed Services Activity Index 8.70 -10.10 points Jul 2026


United States ISM Services PMI
The Non-Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries) this report shows the percentage reporting each response, and the diffusion index. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Orders to the service producers make up about 90 percent of the US economy.

News Stream
US Services Growth Remains Solid in June
The ISM Services PMI in the US fell to 54.0 in June 2026, down from 54.5 in May, matching market expectations. The reading still indicates solid expansion in US services activity, though at a softer pace, driven by a slowdown in business activity growth (55.4 vs. 57.7 in May) and new orders (55.1 vs. 57.3). Meanwhile, the employment index saw its largest increase since 2024, rising to 51.2 from 47.9, marking the first expansion in headcount since February. Price inflation also eased to a four-month low of 67.7, down from 71.3. Despite ongoing concerns about persistent inflation tied to the Middle East conflict, survey respondents noted that business conditions remain robust.
2026-07-06
US Services Activity Accelerates
The ISM Services PMI increased to 54.5 in May 2026 from 53.6 in April, above forecasts of 53.8. The reading pointed to the strongest gain in the services sector in three months, with faster growth seen for business activity (57.7 vs 55.9), new orders (57.3 vs 53.5) and inventories (62.5 vs 53.1). On the other hand, employment contracted for a third consecutive month (47.9 vs 48), with respondents commenting frequently that their companies had instituted hiring freezes or were not back filling vacated positions. In addition, price pressures intensified to hit the highest since August 2022 (71.3 vs 70.7), with diesel, gasoline, oil and related commodities being once again most frequently mentioned as up in price. Also, petroleum-related products were mentioned as a commodity up in price, a dynamic not seen yet in April. Meanwhile, growth in backlog of orders slowed (51.3 vs 53) and the supplier deliveries index indicated slower supplier delivery performance (55.2 vs 56.8).
2026-06-03
US Services Activity Inches Down as Expected
The ISM Services PMI inched down to 53.6 in April of 2026 from 54 in the previous month, loosely aligned with market expectations of 53.7, but remained firmly above averages from the previous year. Business activity rose by 2 points to 55.9, reflecting a second month of resilience since the start of war in the Middle East, which triggered a surge in a energy costs. The increase in production was due to a drop in the backlog of orders (-0.6 to 53) as the gauge for new orders sank 7.1 points to 53.5, the sharpest decrease in three years. Consumers volume orders were dented due to the surge in prices since the start of the war, dimming the outlook on production should the conflict continue. Consistently, the price gauge held at 70.7, the highest since 2022. Companies cited higher fuel, gasoline, diesel, copper, and freight prices due to the war. On top of that, aluminum prices and lumber costs also jumped due to tariffs. Meanwhile, employment contracted for a second month.
2026-05-05