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Economic Data Brief |
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Business activity
ISM Services PMI — September 2026
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| Services PMI fell by 0.5 pts in September 2026 to 54.9. Prior month: 55.4. | |
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Services PMI
54.9
▼ −0.5 pts m/m
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Business activity
56.5
▼ −5.2 pts m/m
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New orders
59.8
▼ −1.1 pts m/m
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Employment
50.1
▲ +2.3 pts m/m
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Revision check| Revision check clear. Prior periods were checked against the values in the last report — no revisions found. All changes below are computed on current-vintage data. |
Key figures| Headline → | September 2026 | August 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Services PMI consensus 54.5 | 54.9 | 55.4 | ▼ −0.5 pts | ▼ −0.9% | ▪ — | — | | | Business activity | 56.5 | 61.7 | ▼ −5.2 pts | ▼ −8.4% | ▪ — | — | | | New orders | 59.8 | 60.9 | ▼ −1.1 pts | ▼ −1.8% | ▪ — | — | | | Employment | 50.1 | 47.8 | ▲ +2.3 pts | ▲ +4.8% | ▪ — | — | | | Prices paid | 74.0 | 72.6 | ▲ +1.4 pts | ▲ +1.9% | ▪ — | — | | | Trend bars show the level over the last 13 periods; the latest period is highlighted. |
What stood out- Employment crossed above the 50 breakeven line (47.8 to 50.1).
- Prices paid: 3 straight months of increase.
- Inventories: 3 straight months of increase.
Full detailShow every category and subcategory| Full detail — remaining subindexes → | September 2026 | August 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % |
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| Supplier deliveries | 53.2 | 51.3 | ▲ +1.9 pts | ▲ +3.7% | ▪ — | — | | Inventories | 57.8 | 56.7 | ▲ +1.1 pts | ▲ +1.9% | ▪ — | — | | Backlog of orders | 56.6 | 55.6 | ▲ +1.0 pts | ▲ +1.8% | ▪ — | — | | New export orders | 46.9 | 56.3 | ▼ −9.4 pts | ▼ −16.7% | ▪ — | — |
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-10-05 18:19 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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