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ISM Services PMI – What to Expect Today

ISM Services PMI – What to Expect Today

The key focus this week is today’s US ISM PMI survey for February at 17.00 GMT+2. 

The ISM Services PMI used to work solely as a hint toward the Nonfarm Payrolls (NFP) report, focusing on its Employment component. Yet when inflation began picking up, the Federal Reserve (Fed) and markets shifted their attention toward the Prices Paid component, which reflects inflation.

Nonfarm Payrolls showed a leap of 517,000 jobs in January, Retail Sales figures topped all estimates, and Durable Goods Orders showed an increase in long-term investment.

The US economy is doing well, and the ISM Services PMI is set to reflect this strength.

Have your trading charts ready for an opportunity to trade at 17.00 GMT+2 for this release.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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