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S&P Global Composite PMI

The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics, are based on a large number of business executives in private sector manufacturing and services companies. Data is usually released on the third working day of each month. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration, or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), and below 50.0 a decrease (or contraction).

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Most recent - Wednesday 4 June 2025 13:45

52.1

Forecast

52.1

Actual

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Monday 23 June 2025 13:45

Forecast

Actual

The typical/expected impact on USD pairs is medium.

There is no forecast value for S&P Global Composite PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Composite PMI was 53 against a forecast of 52.1.

Past events

Date

Forecast

Actual

Wednesday 4 June 2025 13:45

52.1

Thursday 22 May 2025 13:45

Monday 5 May 2025 13:45

51.2

Wednesday 23 April 2025 13:45

Thursday 3 April 2025 13:45

53.5

Monday 24 March 2025 13:45

Wednesday 5 March 2025 14:45

50.4

Friday 21 February 2025 14:45

Wednesday 5 February 2025 14:45

52.4

Friday 24 January 2025 14:45

Monday 6 January 2025 14:45

56.6

Monday 16 December 2024 14:45

Wednesday 4 December 2024 14:45

55.3

Friday 22 November 2024 14:45

Tuesday 5 November 2024 14:45

54.3

Thursday 24 October 2024 13:45

Thursday 3 October 2024 13:45

54.4

Monday 23 September 2024 13:45

Thursday 5 September 2024 13:45

54.1

Thursday 22 August 2024 13:45

53.5

Monday 5 August 2024 13:45

Wednesday 24 July 2024 13:45

Wednesday 3 July 2024 13:45

54.6

Friday 21 June 2024 13:45

Wednesday 5 June 2024 13:45

54.4

Thursday 23 May 2024 13:45

51.1

Friday 3 May 2024 13:45

50.9

Tuesday 23 April 2024 13:45

Wednesday 3 April 2024 13:45

Thursday 21 March 2024 13:45

Tuesday 5 March 2024 14:45

51.4

Thursday 22 February 2024 14:45

Monday 5 February 2024 14:45

Wednesday 24 January 2024 14:45

Thursday 4 January 2024 14:45

Friday 15 December 2023 14:45

Tuesday 5 December 2023 14:45

Friday 24 November 2023 14:45

Friday 3 November 2023 13:45

Tuesday 24 October 2023 13:45

Wednesday 4 October 2023 13:45

Friday 22 September 2023 13:45

Wednesday 6 September 2023 13:45

50.4

Wednesday 23 August 2023 13:45

Thursday 3 August 2023 13:45

Monday 24 July 2023 13:45

53.1

Thursday 6 July 2023 13:45

Friday 23 June 2023 13:45

54.4

Monday 5 June 2023 13:45

54.5

Tuesday 23 May 2023 13:45

Wednesday 3 May 2023 13:45

53.5

Friday 21 April 2023 13:45

52.8

Wednesday 5 April 2023 13:45

53.3

Friday 24 March 2023 13:45

50.1

Friday 3 March 2023 14:45

50.2

Tuesday 21 February 2023 14:45

47.5

Friday 3 February 2023 14:45

46.6

Tuesday 24 January 2023 14:45

44.7

Thursday 5 January 2023 14:45

44.6

Friday 16 December 2022 14:45

Monday 5 December 2022 14:45

46.3

Wednesday 23 November 2022 14:45

47.7

Thursday 3 November 2022 13:45

47.3

Monday 24 October 2022 13:45

49.1

Wednesday 5 October 2022 13:45

49.3

Friday 23 September 2022 13:45

44.7

Tuesday 6 September 2022 13:45

Tuesday 23 August 2022 13:45

47.5

Wednesday 3 August 2022 13:45

47.5

Friday 22 July 2022 13:45

51.7

Wednesday 6 July 2022 13:45

Thursday 23 June 2022 13:45

53.7

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next S&P Global Composite PMI result:

		Previous	Latest
Michigan Consumer Expectations Index	Bullish change	47.9	58.4
Michigan Consumer Sentiment Index	Bullish change	52.2	60.5
UoM 1-year Consumer Inflation Expectations	Bearish change	6.6%	5.1%
UoM 5-year Consumer Inflation Expectation	Bearish change	4.2%	4.1%
Initial Jobless Claims	(no change)	248K	248K
Producer Price Index (MoM)	Bullish change	-0.2%	0.1%
Producer Price Index (YoY)	Bullish change	2.5%	2.6%
Producer Price Index ex Food & Energy (MoM)	Bullish change	-0.2%	0.1%
Producer Price Index ex Food & Energy (YoY)	Bearish change	3.2%	3%
Monthly Budget Statement	Bearish change	$258B	$-316B
Consumer Price Index (MoM)	Bearish change	0.2%	0.1%
Consumer Price Index (YoY)	Bullish change	2.3%	2.4%
Consumer Price Index ex Food & Energy (MoM)	Bearish change	0.2%	0.1%
Consumer Price Index ex Food & Energy (YoY)	(no change)	2.8%	2.8%
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.4%
Average Hourly Earnings (YoY)	(no change)	3.9%	3.9%
Labor Force Participation Rate	Bearish change	62.6%	62.4%
Nonfarm Payrolls	Bearish change	147K	139K
U6 Underemployment Rate	(no change)	7.8%	7.8%
Unemployment Rate	(no change)	4.2%	4.2%
Initial Jobless Claims	Bearish change	239K	247K
Nonfarm Productivity	Bearish change	-0.8%	-1.5%
Unit Labor Costs	Bullish change	5.7%	6.6%
Challenger Job Cuts	Bearish change	105.441K	93.816K
ISM Services Employment Index	Bullish change	49	50.7
ISM Services New Orders Index	Bearish change	52.3	46.4
ISM Services PMI	Bearish change	51.6	49.9
ISM Services Prices Paid	Bullish change	65.1	68.7
ADP Employment Change	Bearish change	60K	37K
Factory Orders (MoM)	Bearish change	3.4%	-3.7%
JOLTS Job Openings	Bullish change	7.2M	7.391M
ISM Manufacturing Employment Index	Bullish change	46.5	46.8
ISM Manufacturing New Orders Index	Bullish change	47.2	47.6
ISM Manufacturing PMI	Bearish change	48.7	48.5
ISM Manufacturing Prices Paid	Bearish change	69.8	69.4

About S&P Global Composite PMI

Country:	United States
Currency:	USD
Source:	IHS Markit
Category:	Economic Activity
Frequency:	Monthly

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	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		NBS Manufacturing PMI
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	Germany		Gross Domestic Product (QoQ)
	Germany		Gross Domestic Product (YoY)
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		ISM Services PMI
	Australia		Private Capital Expenditure
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	Australia		S&P Global Services PMI
	Australia		S&P Global Composite PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		Factory Orders n.s.a. (YoY)
	Germany		S&P Global/BME Manufacturing PMI
	Germany		IFO – Expectations
	Germany		S&P Global/BME Composite PMI
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Industrial Production n.s.a. w.d.a. (YoY)
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	Eurozone		Sentix Investor Confidence
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Composite PMI
	Eurozone		Economic Sentiment Indicator
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		Gross Domestic Product - Estimated (QoQ)
	Spain		S&P Global Manufacturing PMI
	Spain		Gross Domestic Product (QoQ)
	France		Gross Domestic Product (QoQ)
	India		HSBC Services PMI
	India		Gross Domestic Product Quarterly (YoY)
	India		HSBC Manufacturing PMI
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	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Gross Domestic Product Annualized
	Japan		Gross Domestic Product Deflator (YoY)
	South Korea		Gross Domestic Product Growth (QoQ)
	New Zealand		Business NZ PMI
	New Zealand		Business NZ PSI
	New Zealand		NZIER Business Confidence (QoQ)
	United Kingdom		Manufacturing Production (MoM)
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	United States		Durable Goods Orders ex Defense
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S&P Global Composite PMI

Most recent - Wednesday 4 June 2025 13:45

Next event - Monday 23 June 2025 13:45

Trading range

Trading range after each S&P Global Composite PMI event

Forecast history

Past events

Economic context

About S&P Global Composite PMI

Related events