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DTSTART;TZID=America/New_York:20270203T100000
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DTSTAMP:20261019T233649Z
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UID:3016-1801648800-1801652400@www.financecalendar.com
SUMMARY:US ISM Services PMI February 2027
DESCRIPTION:Next US ISM Services PMI: Wednesday\, February 3\, 2027 at 10:00 am ET (3:00 pm London). \nDate to be confirmed by the publisher; this is the scheduled date. \n\nConsensus\nNot yet published\nPrior\n54.1 (July 2026\, latest verified)\nActual\nPending\n\nFull schedule and background: US ISM Services PMI. \nUpdated October 19\, 2026 \n\n← Previous US ISM Services PMI\nThe US ISM Services PMI for January 2027 is scheduled for release on February 3\, 2027 at 10:00 am ET (3:00 pm London)\, published by the Institute for Supply Management (ISM). The report measures activity in the services sector\, which accounts for the majority of US economic output\, for the month of January 2027. Full schedule and background: US ISM Services PMI. \nWhat is the ISM Services PMI?\nThe ISM Services Purchasing Managers’ Index\, formally called the Services PMI\, is a monthly survey of purchasing and supply executives at more than 400 service-sector firms\, covering industries such as finance\, healthcare\, retail\, transportation and professional services. Respondents report whether business activity\, new orders\, employment and supplier deliveries are better\, worse or unchanged compared with the previous month. \nISM converts these responses into a diffusion index. A reading above 50 signals that the services sector is expanding; a reading below 50 signals contraction. Because services make up roughly two-thirds of US gross domestic product\, this index is one of the clearest early signals of how the broader economy is performing\, often arriving weeks before official government data. \nInvestors\, central bankers and businesses watch the report because it combines hard activity signals with a forward-looking prices-paid component\, which hints at inflation pressure building in the pipeline. A strong or weak surprise can move Treasury yields\, the dollar and equity futures within minutes of release. \nWhen is the January 2027 ISM Services PMI released?\nISM typically publishes the Services PMI on the third business day of the month\, covering data from the previous month. Based on this pattern\, the January 2027 report is expected on February 3\, 2027 at 10:00 am ET (3:00 pm London). The ISM has not yet confirmed the exact date on its official release calendar at the time of writing\, so this date should be treated as the standard schedule rather than a confirmed publication slot. The report is published directly by the Institute for Supply Management on its website. \nWhat is the consensus forecast?\nA consensus forecast for the January 2027 release has not yet been published. Economists’ polls from providers such as Reuters and Bloomberg are typically released only a few days before the data\, so no figure is currently attributable for this specific report. \nThe most recently verified reading for the headline index was 54.1 in July 2026\, according to data compiled by YCharts\, up from 50.1 a year earlier. Readers should check the ISM’s own site closer to the release date for the latest confirmed prior-month figure and any published consensus. \n\n\n\nMeasure\nPrior (latest verified)\nConsensus\n\n\n\n\nHeadline Services PMI\n54.1 (July 2026)\nNot yet published\n\n\nPrices Paid Index\nNot independently verified for this period\nNot yet published\n\n\n\nWhat the result could mean\n\n\n\nScenario\nLikely market read\nWhat it means in plain English\n\n\n\n\nAbove consensus\nCould be read as a sign of resilient services demand\, potentially supporting a higher-for-longer rate stance from the Federal Reserve\nBusinesses in services industries are growing faster than expected\, which could keep inflation pressures elevated\n\n\nIn line with consensus\nLikely to have a limited market reaction\, since the data confirms existing expectations\nThe services sector is performing broadly as forecast\, with no major surprise for policy or markets\n\n\nBelow consensus\nMay be interpreted as a sign of slowing momentum\, which some analysts could view as supportive of earlier interest rate cuts\nServices firms are seeing weaker demand or activity than expected\, a possible early warning of a broader slowdown\n\n\n\nRecent ISM Services PMI readings\n\n\n\nMonth\nHeadline reading\n\n\n\n\nFebruary 2026\n56.1\n\n\nMarch 2026\n54.0\n\n\nApril 2026\n53.6\n\n\nMay 2026\n54.5\n\n\nJune 2026\n54.0\n\n\nJuly 2026\n54.1\n\n\n\nData for this table is drawn from YCharts\, which compiles the ISM’s published series. Readers should check the ISM’s own release for the most current figures covering months closer to January 2027\, since more recent prints are not yet reflected in this table. \nWhy does this release matter right now?\nThe Federal Reserve monitors the ISM Services PMI closely as part of its assessment of underlying demand and inflation pressure\, alongside the ISM Manufacturing PMI and the monthly jobs report. Through much of 2025 and into 2026\, the index oscillated close to the 50 breakeven line\, reflecting a services sector that expanded in some months and edged into contraction in others\, according to data from YCharts. By mid-2026 the index had firmed to the mid-50s\, suggesting steadier growth. \nMarkets will be watching whether that firmer trend has continued into early 2027 or whether momentum has faded\, particularly in the employment and new orders sub-indices\, which feed into expectations for the labour market and future Fed policy decisions. \nWhat It Means for Your Money\n\nMortgages and borrowing rates: A stronger-than-expected services reading can push up Treasury yields\, which feed into US mortgage rates; a weaker reading can ease them. Borrowers with adjustable-rate products or those shopping for a new mortgage may see rates shift slightly in the days after release.\nSavings rates: If the data shifts expectations for Federal Reserve policy\, savings account and money market yields can adjust in the following weeks\, since banks price deposits partly off the expected path of the federal funds rate.\nJobs and wages: The employment component of the survey offers an early signal on hiring intentions in services industries such as retail\, healthcare and finance\, which can hint at where job openings and wage growth are heading.\nInvestments and pensions: Equity markets\, including funds commonly held in workplace pensions and retirement accounts\, can react to a surprise reading\, particularly shares of banks\, retailers and other services-heavy sectors.\nCurrencies: A surprise in either direction can move the US dollar against the pound\, euro and yen\, which affects the cost of imported goods\, overseas holidays and returns on foreign investments for UK and European savers.\n\nRelated events\n\nUS ISM Services PMI\, January 2027 release\nUS ISM Manufacturing PMI (released the first business day of the month)\nUS nonfarm payrolls report (typically released the first Friday of the month)\n\nFrequently Asked Questions\nWhat time is the ISM Services PMI released?\nThe report is released at 10:00 am ET\, which is 3:00 pm in London\, on the third business day of the month. \nHow do I read the ISM Services PMI number?\nA reading above 50 means the services sector is expanding compared with the previous month; a reading below 50 means it is contracting. \nHow does this report affect interest rates?\nThe Federal Reserve uses the report as one gauge of economic momentum and inflation pressure\, so a significant surprise can shift market expectations for future rate decisions\, though it is only one of many inputs to policy. \nWhere can I find the official release?\nThe report is published directly by the Institute for Supply Management on its website at the scheduled release time. \nWhen is the next ISM Services PMI released?\nThe next report is scheduled for the first business day pattern of the following month\, typically the third business day\, at 10:00 am ET. \n← Previous US ISM Services PMI
URL:https://www.financecalendar.com/event/us-ism-services-pmi-february-2027/
CATEGORIES:Economic Indicators
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