Economists forecast a slight cooling in the US services sector as the ISM prepares to release its September PMI data, with expectations set at 55.
The ISM Services PMI is a critical indicator of economic health in the US services sector, with the upcoming September report expected to show a slight contraction in growth momentum. Analysts anticipate a marginal decline to 55 from the previous reading of 55.4, though the figure remains well above the 50-point threshold that separates expansion from contraction.
The consensus expectation is a marginal decline to 55, down from 55.4 in August.
A reading above 50 indicates that the US services sector is in a state of expansion.
The Institute for Supply Management is set to release its September gauge for the US services sector on Monday. Analysts anticipate a marginal decline to 55, down from the 55.4 print recorded in August, signaling continued expansion.
The ISM Services PMI measures the health and expansion of the US services sector based on survey data from purchasing managers.