United States ISM Services PMI

Últimas cifras

El último dato, de OCT, se publicó el 2026-11-04 y fue 54.5. Está por debajo del consenso de 54.8. Es menos que 54.9 la vez anterior.

A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.

En las últimas 12 publicaciones osciló entre 52.6 y 56.1, con una media de 54.3. Ha bajado tres publicaciones seguidas.

Verlo en el calendario económico →

Por qué importa

ISM is the oldest and most watched US business survey. Its headline indexes are released on the first business days of the month and give the first read of the month's economy; the prices component is watched as an early inflation signal and the new-orders component as a guide to the months ahead.

Cómo se calcula

Purchasing managers answer whether activity is higher, the same or lower than the previous month. The index is the share answering higher plus half the share answering the same.

Diffusion index = % higher + ½ × % same
Above 50 = expanding, below 50 = contracting

Qué significan los cambios

• The distance from 50 matters more than the change: 48 is mild contraction, 45 is serious.
• Prices paid above 60 has usually meant rising goods inflation.
• The services index covers most of the economy and often matters more than manufacturing.

Una breve historia

Purchasing managers' surveys in the US date back to the 1930s; the national survey that became the ISM Report on Business has been published monthly since 1948.

Preguntas