US May Non-Manufacturing PMI Released: Economic Expansion Signals Explained

The Institute for Supply Management (ISM) released the US May ISM Non-Manufacturing PMI data on March 4, 2026.The ISM Non-Manufacturing PMI is a key indicator of the US services sector’s business conditions. This index surveys production, new orders, commodity prices, inventories, employment, order deliveries, and imports and exports to reflect the economic activity of the non-manufacturing sector. A reading above 50 indicates industry expansion, while below 50 signals contraction.Definition: The ISM Non-Manufacturing PMI is a leading indicator of economic health and serves as an important reference for assessing economic trends. Compared to the Manufacturing PMI, its impact on GDP is slightly smaller but it remains a critical window for observing the US economy.Market Impact: When the actual value exceeds expectations, it is generally viewed as bullish for the US dollar, indicating robust economic performance; conversely, a lower-than-expected reading may put pressure on the dollar.The importance level of this release is moderately high. The statistical methodology uses an index based on a survey of purchasing managers, and the data is published monthly. The next release will be on July 6, 2026.

This content is AI-generated.Please verify before use.

Disclaimer: The Crypto Calendar is for informational purposes only and doesn’t reflect Gate.com’s views or serve as financial advice.