Fiper | ISM Services PMI

The ISM Non-Manufacturing Index determines the activity level of purchasing managers in the services sector, and a reading above 50 indicates expansion. To get a reading of this indicator, purchasing managers determine the level of some elements in this sector, including employment, production, new orders, resource allocation, and inventories.
The ISM Services Purchasing Managers' Index rose unexpectedly to 56.9 in August 2022 from 56.7 in July, beating market expectations of 55.1, and indicating the strongest growth in services activity in four months. Business activity (60.9 vs. 59.9) and new orders (61.8 vs. 59.9) expanded faster. Employment also rebounded (50.2 vs. 49.1) despite a constrained labor market rebound while prices rose at a slower pace (71.5, lowest since January 2021 vs. 72.3). “Based on feedback from the Business Survey panel participants, there are some improvements in supply chain, logistics and cost; however, material shortages remain a challenge,” said Anthony Neves, President of ISM.

Expectations for today's statement and how it affects the currency

The expected level for today's statement is 55.4
In the event that the current statement is issued, a higher level than expected will positively affect the currency and vice versa