ISM Non-Manufacturing PMI

The ISM Non-Manufacturing PMI, also known as the ISM Services PMI, is a monthly survey by the Institute for Supply Management measuring business conditions in the U.S. services sector. Given the services sector's large share of U.S. economic output, traders view it as a key barometer of overall economic health and a significant driver of dollar sentiment. A reading above 50 signals expansion, below 50 signals contraction.