The S&P Global US Services PMI eased to 50.7 in May of 2026 from 51 in the previous month, revised lower from the preliminary estimate of 50.9 and remaining below the preliminary estimate of 51.1. Despite the slowdown, the result extended the rebound from the previous month after the outbreak of war in the Middle East pressured the sector to a contraction in March. New business inflows rose modestly, as rising prices and uncertainty drove consumers to maintain their subdued demand. New business was also limited by the fastest reduction in orders from foreign clients since 2022. The muted demand for new projects drove firms to cut jobs at the fastest pace since May of 2020. On the price front, input costs for services providers rose the most in one year, driving charges to rise sharply. Looking ahead, business optimism dropped to an over three-year low. source: S&P Global

Services PMI in the United States decreased to 50.70 points in May from 51 points in April of 2026. Services PMI in the United States averaged 53.74 points from 2013 until 2026, reaching an all time high of 70.40 points in May of 2021 and a record low of 26.70 points in April of 2020. This page provides the latest reported value for - United States Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in the United States decreased to 50.70 points in May from 51 points in April of 2026. Services PMI in the United States is expected to be 50.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Services PMI is projected to trend around 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Dallas Fed Services Index -7.70 -9.90 points May 2026
NY Fed Services Activity Index -10.10 -5.80 points Jun 2026
Richmond Fed Services Index 14.00 9.00 points May 2026


United States Services PMI
The S&P Global US Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The index tracks variables such as sales, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The headline figure is the Services Business Activity Index, which is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
US Private Services Activity Revised Lower
The S&P Global US Services PMI eased to 50.7 in May of 2026 from 51 in the previous month, revised lower from the preliminary estimate of 50.9 and remaining below the preliminary estimate of 51.1. Despite the slowdown, the result extended the rebound from the previous month after the outbreak of war in the Middle East pressured the sector to a contraction in March. New business inflows rose modestly, as rising prices and uncertainty drove consumers to maintain their subdued demand. New business was also limited by the fastest reduction in orders from foreign clients since 2022. The muted demand for new projects drove firms to cut jobs at the fastest pace since May of 2020. On the price front, input costs for services providers rose the most in one year, driving charges to rise sharply. Looking ahead, business optimism dropped to an over three-year low.
2026-06-03
US Services Activity Slows
The S&P Global US Services PMI eased to 50.9 in May of 2026 from 51 in the previous month, only slightly below the median market consensus of 51.1, according to a preliminary estimate. The result extended the rebound from the previous month following after the outbreak of war in the Middle East pressured the sector to a contraction in March. New business inflows rose modestly, as rising prices and uncertainty drove consumers to maintain their subdued demand. On top of that, export orders fell at the sharpest pace in six months. The muted demand for new projects drove firms to cut jobs at the fastest pace since May of 2020. On the price front, input costs for services providers rose the most in one year, driving charges to rise the most since August 2022. Looking ahead, business optimism dropped to a one-year low.
2026-05-21
US Services Activity Revised Lower
The S&P Global US Services PMI rose to 51 in April of 2026 from the three-year low of 49.8 in the previous month, revised slightly downward from the flash estimate of 51.3 but still ahead of the initial market expectations of 50. The result reflected a tentative recovery from the sharp and immediate impact of the war in the Middle East, which triggered supply risks for energy consumer that sent commodity pries soaring. Still, new business intake fell for the first time in two years, with panelists citing higher uncertainty from clients due to the war and fresh tariff concerns from the US government. Still, employment increased, particularly for part-time positions. Meanwhile, input price inflation remained elevated due to higher fuel and gas prices, in addition to increasing staffing costs, driving sellers to increase their charges. Looking ahead, business expectations remained high on hopes of an end to the Middle East war.
2026-05-05