Updated: 04-Sep-25 10:20 ET
Highlights
- The ISM Services PMI increased to 52.0% in August (Briefing.com consensus 50.5%) from 50.1% in July.
- The dividing line between expansion and contraction is 50.0%, so the August reading reflects services sector activity expanding at a faster pace versus the prior month.
- The Business Activity/Production Index increased to 55.0% from 52.6%.
- The New Orders Index jumped to 56.0% from 50.3%.
- The Employment Index edged higher to 46.5% from 46.4%. This is the third straight month below 50.0%.
- The Prices Index dipped to 69.2% from 69.9%, yet that is the second-highest reading since November 2022 and the ninth straight month above 60.0%.
- The Supplier Deliveries Index fell to 50.3% from 51.0%.
- The Backlog of Orders Index decreased to 40.4% from 44.3%.
- The key takeaway from the report is that it is a mixed bag for policymakers, featuring faster growth overall but an ongoing contraction in employment and a continuation of price pressures for services organizations.
| Category | AUG | JUL | JUN | MAY | APR |
| Non-Manufacturing ISM index | 52.0 | 50.1 | 50.8 | 49.9 | 51.6 |
| Business Activity | 55.0 | 52.6 | 54.2 | 50.0 | 53.7 |
| New Orders | 56.0 | 50.3 | 51.3 | 46.4 | 52.3 |
| Employment | 46.5 | 46.4 | 47.2 | 50.7 | 49.0 |
| Deliveries (nsa) | 50.3 | 51.0 | 50.3 | 52.5 | 51.3 |
| Inventories (nsa) | 53.2 | 51.8 | 52.7 | 49.7 | 53.4 |
| Exports (nsa) | 47.3 | 47.9 | 51.1 | 48.5 | 48.6 |
| Imports (nsa) | 54.6 | 45.9 | 51.7 | 48.2 | 44.3 |
| Prices Paid | 69.2 | 69.9 | 67.5 | 68.7 | 65.1 |
