Fiper | ISM Services PMI

This article includes an interpretation of the ISM Non-Manufacturing PMI and forecasts for today's data with its impact on the country's currency
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 PMI came in at 56.7 in September of 2022, down from 56.9 in August but beat market expectations at 56, still indicating growth above the historical average of 55. A slowdown was reported in business activity (59.1 vs. 60.9) and orders New (60.6 vs. 61.8). On the other hand, employment improved (53 vs. 50.2) and supplier deliveries grew at a slightly slower rate (53.9 vs. 54.5). At the same time, price pressures eased again (68.7 vs. 71.5). “Based on feedback from respondents to the Business Survey Committee, there have been improvements in terms of supply chain efficiency, operational capacity and material availability; however, performance remains less than ideal. Employment improvement has continued despite a restricted labor market,” Anthony Neves , chief said 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, which will positively affect the currency and vice versa.