The S&P Global US Services PMI rose to 54.6 in July from 51.2 in the previous month, revised higher from the flash estimate of 53.6 to mark the sharpest expansion in activity in nine months. New business levels rose the most since November, with panelists noting a pickup in activity due to FIFA World Cup and Independence Day spending, and higher investments in sales, marketing, and product development. New work was awarded from domestic clients, as export orders fell the most since 2022 amid tariffs and the Middle East war. Consequently, firms increased their staff counts the most in eight months. Meanwhile, input cost inflation rose to a 14-month high due to tariffs and higher raw-material costs, driving companies to pass on price hikes to consumer charges when possible. Looking ahead, confidence improved on hopes of easing energy prices and business expansion plans. source: S&P Global

Services PMI in the United States increased to 54.60 points in July from 51.20 points in June of 2026. Services PMI in the United States averaged 53.73 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 increased to 54.60 points in July from 51.20 points in June of 2026. Services PMI in the United States is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States 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 6.60 2.90 points Jul 2026
NY Fed Services Activity Index 0.50 8.70 points Aug 2026
Richmond Fed Services Index -3.00 0.00 points Jul 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 Services Activity Revised Higher
The S&P Global US Services PMI rose to 54.6 in July from 51.2 in the previous month, revised higher from the flash estimate of 53.6 to mark the sharpest expansion in activity in nine months. New business levels rose the most since November, with panelists noting a pickup in activity due to FIFA World Cup and Independence Day spending, and higher investments in sales, marketing, and product development. New work was awarded from domestic clients, as export orders fell the most since 2022 amid tariffs and the Middle East war. Consequently, firms increased their staff counts the most in eight months. Meanwhile, input cost inflation rose to a 14-month high due to tariffs and higher raw-material costs, driving companies to pass on price hikes to consumer charges when possible. Looking ahead, confidence improved on hopes of easing energy prices and business expansion plans.
2026-08-05
US Services Activity Rises Most in 8 Months
The S&P Global US Services PMI rose to 53.6 in July of 2026 from 51.2 in the previous month, marking the fastest expansion in services sector activity so far this year, according to a flash estimate. Output was supported by a larger intake of new work for companies, with companies noting a pickup in activity due to FIFA World Cup spending and higher investments in sales, marketing, and product development. Still, the impact of the war in Iran, mainly though higher energy prices that lifted operating cars and squeezed consumers' purchasing power, continued to impact activity levels. Therefore, employment growth was only marginal. Input prices for the sector grew to a 14-month high, and output inflation surged to its highest in nearly four years. Despite inflationary risks, the sentiment gauge rose to a one-year high.
2026-07-24
US Services Activity Revised Marginally Lower: S&P Global
The S&P Global US Services PMI rose to 51.2 in June of 2026 from 50.7 in the previous month, revised marginally lower from the flash estimate of 51.3. Still, the result pointed to the fastest pace of expansion in the US services sector since before the outbreak of war in the Middle East triggered a global energy shock. New business grew at an accelerated pace, aided by an influx of high-spending tourists and events amid the FIFA World Cup that the US hosted during the period. Still, historically muted perceptions of business conditions dimmed the pace of hiring and the net amount of jobs decreased for the third month in the last four. Consistently, labor-related costs increased operating expenses in the period, magnifying the impact of tariffs and higher fuel prices from the war in Iran. Looking forward, firms continued to be optimistic on business output in the coming year.
2026-07-06