BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//financecalendar.com - ECPv6.17.4.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:financecalendar.com
X-ORIGINAL-URL:https://www.financecalendar.com
X-WR-CALDESC:Events for financecalendar.com
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:America/New_York
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20250309T070000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20251102T060000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20260308T070000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20261101T060000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20270314T070000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20271107T060000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260903T100000
DTEND;TZID=America/New_York:20260903T110000
DTSTAMP:20260903T142422Z
CREATED:20260825T102004Z
LAST-MODIFIED:20260903T142422Z
UID:1659-1788429600-1788433200@www.financecalendar.com
SUMMARY:US ISM Services PMI September 2026
DESCRIPTION:US ISM Services PMI: 55.4 (August 2026) (Thursday\, September 3\, 2026 at 10:00 am ET (3:00 pm London)). \nDate to be confirmed by the publisher; this is the scheduled date. \n\nActual\n55.4 (August 2026)\n\nFull schedule and background: US ISM Services PMI. \nUpdated September 3\, 2026 \n\nThe US ISM Services PMI for August 2026 registered 55.4 percent\, up from July’s 54.1 percent\, the Institute for Supply Management reported on September 3\, 2026. \nA consensus forecast for the August 2026 ISM Services PMI has not yet been published by major polling desks this close to release. The prior reading\, for July 2026\, came in at 54.1\, according to the Institute for Supply Management\, up slightly from June and marking a 25th straight month of expansion\, though one commentary noted the July print landed “slightly below expectations of 54.5”. Any August figure much below 50 would signal an unexpected contraction in the services sector\, a surprise investors are not currently pricing in given the sector’s recent resilience. \nThe US ISM Services PMI for August 2026 is due at 10:00 am ET (3:00 pm London) on Thursday\, September 3\, 2026\, published by the Institute for Supply Management (ISM). The report covers services sector activity in August 2026\, the second-largest slice of the US economy after manufacturing. Full schedule and background: US ISM Services PMI. The Institute for Supply Management has not yet confirmed the exact release date for this specific report\, but ISM reports are published on the first business day of the month following the survey period\, so September 3\, 2026 is the expected date. \nWhat is the ISM Services PMI?\nThe ISM Services PMI\, formally the Services PMI\, is a monthly survey of purchasing and supply executives across more than a dozen service industries\, including finance\, healthcare\, retail and transport. Each month\, ISM asks respondents whether business activity\, new orders\, employment\, supplier deliveries\, inventories and prices have increased\, decreased or stayed the same compared with the prior month. \nThe headline figure is a diffusion index built from these responses. A reading above 50 percent signals the services sector is expanding; below 50 percent signals contraction. Because services make up roughly two-thirds of US economic output\, the index is one of the most closely watched real-time signals of how the broader economy is performing\, alongside its manufacturing counterpart. \nMarkets watch it because it arrives quickly\, before official government data such as GDP\, and because sub-indices like new orders and employment often hint at where growth and hiring are heading in the following months. A sharp move in the Prices Paid component is also read as an early signal for inflation trends that the Federal Reserve tracks. \nWhen is the August ISM Services PMI released?\nThe report is scheduled for 10:00 am ET (3:00 pm London time) on Thursday\, September 3\, 2026. It is published by the Institute for Supply Management (ISM) and released via the ISM website and major newswires including PR Newswire. As with all ISM reports\, the exact date can shift slightly if it falls near a public holiday\, so readers should check the official ISM calendar close to the date for final confirmation. \nWhat is the consensus forecast?\nA consensus forecast for the August 2026 reading has not yet been published by major surveys such as Reuters or Bloomberg at the time of writing. The most recent confirmed reading is the July 2026 report\, in which the headline Services PMI registered 54.1 percent\, up 0.1 percentage point from June’s 54.0 percent\, according to the ISM Services PMI Report. That marked the 25th consecutive month of expansion. \n\n\n\nMeasure\nPrior (July 2026)\nConsensus (August 2026)\n\n\n\n\nHeadline Services PMI\n54.1%\nNot yet published\n\n\nEmployment Index\n47.4%\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\nRead as evidence the services economy is accelerating\, which could reduce expectations of near-term Federal Reserve rate cuts if paired with firm prices paid\nThe services side of the economy\, where most jobs sit\, is growing faster than expected\, which can support wages but also keep borrowing costs higher for longer\n\n\nIn line\nLikely to have limited market impact on its own\, though sub-indices such as employment and prices paid could still move bond and currency markets\nThe economy is behaving broadly as expected\, so there is little reason for lenders or the Fed to change course immediately\n\n\nBelow consensus\nCould be read as a sign of cooling demand\, particularly if new orders or business activity slow\, potentially reinforcing bets on rate cuts\nSlower growth in services can eventually mean fewer job openings and softer pricing power for businesses\, which can filter through to weaker wage growth\n\n\n\nThese are possible interpretations\, not predictions. Actual market reaction depends on the full report\, including the employment and prices paid components\, not just the headline number. \nWhy does this release matter right now?\nThe services sector has expanded for 25 straight months as of the July 2026 report\, but the details beneath the headline have been mixed. The Business Activity Index jumped to 59.1 percent in July from 55.4 percent in June\, and New Orders climbed to 57.2 percent from 55.1 percent\, according to the ISM Services PMI Report for July. At the same time\, the Employment Index fell back into contraction at 47.4 percent\, down from 51.2 percent in June\, a divergence flagged by independent analysis of the report from Neil’s Newsletter\, which noted employment has been below 50 for 12 of the last 18 months. \nPrices Paid\, a proxy for input cost pressure\, rose to 70.3 percent in July from 67.7 percent in June\, according to the same analysis. That combination of strong activity\, softer hiring and rising input costs is exactly the mix the Federal Reserve watches when weighing whether inflation risks or labour market risks deserve more weight in its interest rate decisions. The 12-month average reading of 53.4 percent\, cited in the ISM report\, shows the sector has been on a gradually improving trend\, so an August print that breaks sharply from that pattern in either direction would draw close scrutiny. \nWhat It Means for Your Money\n\nMortgages and borrowing: a strong services report\, especially with high prices paid\, can reduce the chance of near-term Fed rate cuts\, keeping US mortgage and loan rates higher for longer. A weak report has the opposite effect and can pull mortgage rates down.\nSavings: higher-for-longer interest rate expectations tend to support returns on savings accounts and money market funds in the US\, while a weaker report can see savings rates drift lower over time as rate cut expectations build.\nJobs and wages: the Employment Index is a genuine early signal for the services sector\, which employs the majority of US workers. Continued weakness there\, as seen in July\, can be an early warning of slower hiring even while headline growth looks solid.\nPrices: the Prices Paid Index feeds into expectations for consumer inflation. A sustained rise can mean businesses pass higher costs on to consumers\, affecting everything from restaurant bills to service fees.\nInvestments\, pensions and currencies: US equity and bond markets often move on ISM releases\, which can ripple into pension funds holding US assets worldwide. A stronger-than-expected reading\, particularly with firm prices\, tends to support the dollar against the pound and euro\, while a weak reading can weigh on it. UK and European investors with US-focused funds or dollar exposure should watch for volatility around the release time.\n\nRelated events\n\nISM Manufacturing PMI\, typically released a few business days before the Services PMI each month\nUS nonfarm payrolls report\, usually released the first Friday of the month\, shortly after the Services PMI\nFederal Reserve interest rate decisions\, which weigh services sector data alongside inflation and labour market reports\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 first business day of the month following the survey period. \nHow do I read the ISM Services PMI number?\nA reading above 50 percent indicates the services sector is expanding compared with the prior month\, while a reading below 50 percent indicates contraction. The further from 50\, the stronger the signal. \nHow does this release affect interest rates?\nThe Federal Reserve monitors services sector activity and prices paid as part of its assessment of economic growth and inflation pressure\, which can influence the timing of interest rate decisions. \nWhere can I find the official ISM Services PMI release?\nThe official report is published on the Institute for Supply Management’s website and distributed via newswires such as PR Newswire at the time of release. \nWhen is the next ISM Services PMI report after this one?\nThe following report\, covering September 2026 data\, is expected on the first business day of October 2026\, following ISM’s usual publication schedule. \nResults: US ISM Services PMI\, August 2026\n\n\n\nMeasure\nConsensus\nActual\nPrior\n\n\n\n\nHeadline Services PMI\nNot formally published\n55.4%\n54.1% (July 2026)\n\n\nBusiness Activity Index\nNot formally published\n61.7%\n59.1% (July 2026)\n\n\nNew Orders Index\nNot formally published\n60.9%\n57.2% (July 2026)\n\n\nEmployment Index\nNot formally published\n47.8%\n47.4% (July 2026)\n\n\n\nThe Institute for Supply Management reported that the Services PMI registered 55.4 percent in August 2026\, up 1.3 percentage points from July’s 54.1 percent\, marking the 26th consecutive month of expansion. This was firmer than the picture painted in the July report\, which had already shown accelerating business activity and new orders\, and confirms that the acceleration scenario from the preview materialised rather than a slowdown. \nThe Business Activity Index and New Orders Index both climbed further\, to 61.7 percent and 60.9 percent respectively\, reinforcing the sense of a services sector running hotter than in recent months. However\, the Employment Index contracted for a second straight month\, at 47.8 percent\, only marginally above July’s 47.4 percent. That persistent weakness in hiring intentions\, even as headline activity and orders strengthen\, echoes the divergence flagged in the preview and remains the most closely watched sub-index for signs of labour market cooling. \nMarket Reaction\nThe stronger headline print\, and particularly the jump in new orders and business activity\, was read by market commentators as evidence the services economy is running above trend\, reducing the odds some traders had placed on an imminent Federal Reserve rate cut. Short-dated Treasury yields edged higher immediately after the 10:00 am ET release\, and the dollar firmed against the pound and euro in the minutes that followed\, consistent with the above-consensus scenario outlined ahead of the release. \nEquity markets showed a more mixed response\, with early gains in cyclical and services-linked shares partly offset by concern that a second straight contraction in the Employment Index points to a softer labour market even as broader activity accelerates. Fed funds futures tracked by the CME FedWatch tool showed only a modest reduction in the probability of a near-term rate cut\, suggesting traders are weighing the strong headline against the weaker jobs signal rather than reacting to one number alone. \nWhat this means for your money now\nThe stronger services reading\, if sustained\, points toward US interest rates staying higher for longer than some had hoped\, which keeps US mortgage and loan costs elevated and continues to support returns on dollar savings and money market funds. At the same time\, the ongoing weakness in the Employment Index is a reminder that hiring in the services sector\, which employs most US workers\, remains fragile\, a signal worth watching in the run-up to the next nonfarm payrolls report. UK and European holders of dollar assets or US equity funds may see some near-term currency-driven volatility\, though the outlook for global rates and currencies has not shifted decisively on this release alone.
URL:https://www.financecalendar.com/event/us-ism-services-pmi-september-2026/
CATEGORIES:Economic Indicators
END:VEVENT
END:VCALENDAR