United States Non Manufacturing PMI

Last Release

Sep 30, 2025

Actual

Units In

Points

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
69.1 Nov 2021	37.8 Nov 2008	54.72 Points	1997-2025	Institute for Supply Management

The Non-Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries) this report shows the percentage reporting each response, and the diffusion index. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Orders to the service producers make up about 90 percent of the US economy.

Latest Updates

The ISM Services PMI fell to 50 in September 2025 from 52 in August and well below forecasts of 51.7, signalling the services sector stalled. Business activity was basically unchanged (49.9 vs 55) while new orders slowed (50.4 vs 56) and inventories moved to contraction (47.8 vs 53.2). In addition, employment (47.2 vs 46.5) continued to be in contraction territory, thanks to a combination of delayed hiring efforts and difficulty finding qualified staff. Also, price pressures intensified, with the prices index hitting 69.4, the second-highest since October 2022. Meanwhile, the supplier deliveries index (52.6 vs 50.3) indicated the slowest supplier delivery performance since February. On the other hand, a positive signal came from a slower contraction in backlog of orders (47.3 vs 40.4). 10 industries reported growth in September, 2 fewer than in August, while the number reporting contraction increased from 4 to 7.