US Services PMI report due today, forecast at 57.9
Summary
Today at 15:45 CEST, the U.S. services Purchasing Managers' Index (PMI) will be released, with expectations set at 57.9, a decline from the previous reading of 58.8. This reading suggests a possible modest slowdown in U.S. services activity, which covers sectors such as transport, communications, and hospitality, while still indicating growth since it remains above the pivotal 50 mark. Depending on the outcome, a stronger-than-expected PMI could diminish the likelihood of near-term rate cuts, whereas a weaker result might reinforce such expectations.
Analysis
US Services PMI: The US Services PMI is a monthly survey-based indicator of business activity across private-sector service industries, with readings above 50 signaling expansion and readings below 50 signaling contraction. The upcoming release is forecast at 57.9, below the previous 58.8 reading, so it will be watched for evidence of cooling or continued resilience in services activity. Coverage: The survey covers service industries including transport, communications, financial services, business services, hospitality, and restaurants. Growth signal: The previous 58.8 reading indicated robust expansion in US services activity, while the current forecast points to a modest slowdown rather than contraction. Monetary policy: A stronger-than-expected services PMI could reduce expectations for near-term rate cuts, while a weaker reading could reinforce them.
Categories
macro
Related sources
- https://www.investing.com/news/stock-market-news/pmi-data-and-consumer-sentiment-among-economic-releases-due-friday-93CH-4967147
- https://uk.investing.com/news/stock-market-news/pmi-data-and-consumer-sentiment-among-economic-releases-due-friday-93CH-4926512
- https://finobird.com/calendar/economic/us-u-s-services-purchasing-managers-index-pmi-2026-10-23/
- https://stockmarkethours.org/events/us-flash-pmi
- https://www.capitalfutures.com.tw/zh-tw/financial/calendararticle?fid=1145407
- https://www.investing.com/economic-calendar/united-states-services-purchasing-managers-index-(pmi)-1062
- https://www.davy.ie/market-and-insights/insights/investing-insights/2026/us-services-activity-remains-resilient.html
- https://www.investing.com/economic-calendar
- https://www.marketwatch.com/economy-politics/calendar?eafs_enabled=false
- https://tradingeconomics.com/united-states/services-pmi