⚙️NMI Services (Non-Manufacturing) Report: Interactive Chart & Forex Insights
The NMI Services PMI (also known as the ISM Services PMI) is a key economic indicator published monthly by the Institute for Supply Management (ISM). It measures business sentiment and activity within the U.S. services sector—the largest component of the U.S. economy, accounting for over 75% of GDP. This index focuses on industries such as retail, healthcare, finance, and hospitality, offering insight into the health and trajectory of this vital segment of the economy.
The index is presented as a number ranging from 0 to 100:
- Above 50: Signals expansion in the services sector.
- Below 50: Indicates contraction.
- At 50: Suggests no change in activity from the previous month.
- Above 60: Indicates rapid expansion in the services sector, often coinciding with strong GDP growth.
- Below 45: Suggests severe contraction, potentially signaling recessionary pressures.
- Pandemic Impact (2020): The NMI dropped sharply during early COVID-19 lockdowns, reflecting widespread disruptions in service industries. It rebounded strongly as stimulus measures boosted demand.
NEXT UP: Large Range Candles are just one of the lesser-known entry signals you can use to trade supply and demand zones effectively. In the next lesson, we’ll dive into another powerful entry pattern that can help you get into trades when traditional signals fail.