United States Non Manufacturing PMI

Last Release

Nov 30, 2025

Actual

52.6

Units In

Points

52.4

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	54.71 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 for the US edged up to 52.6 in November 2025 from 52.4 in October, pointing to the strongest growth in the services sector in nine months, and above forecasts of 52.1. The continued expansion in both business activity (54.5 vs 54.3) and new orders (52.9 vs 56.2), and the highest backlog of orders since February (49.1 vs 40.8) are positive signs of an emerging recovery for the services sector. On the downside, tariffs and the government shutdown continue to be noted by companies as impacting both demand and costs. Employment remained in contraction (48.9 vs 48.2) while the highest supplier deliveries figure since October 2024 (54.1 vs 50.8) indicates slower deliveries by suppliers, likely due to air traffic disruptions from the government shutdown and customs impacts related to changing tariffs. Meanwhile, price pressures eased to the lowest in seven months (65.4 vs 70).