United States ISM Services PMI

04.10.23

The ISM Services PMI unexpectedly jumped to 54.5 in August 2023, pointing to the strongest growth in the services sector in six months, compared to 52.7 in July and forecasts of 52.5. Faster increases were seen in business activity (57.3 vs 57.1), new orders (57.5 vs 55), employment (54.7 vs 50.7) and inventories (57.7 vs 50.4).

United States ISM Services Employment

The ISM Services Employment in the United States rose to 54.7 points in August 2023, the highest since November 2021, up from 50.7 in the prior month.