ISM Non-Manufacturing PMI preview: Consensus points to slight improvement
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The ISM Non-Manufacturing PMI for August 2026 is scheduled for release on 2026-08-05 at 14:00 UTC. Market consensus anticipates a reading of 54.3, a modest increase from the previous month’s 54. This economic indicator, which gauges the health of the United States’ vast services sector, is rated as a high-impact event for the forex market, often influencing sentiment around the US dollar.
Historically, this release has been associated with notable price movements across various currency pairs. After past releases, AUDUSD has seen a median 1-hour move of 11 pips, with top-quarter releases moving 18+ pips over 118 measured events since 2015. EURUSD has experienced a median 1-hour move of 14 pips, with top-quarter releases moving 21+ pips over 119 events. GBPUSD’s median 1-hour move is 18 pips, with top-quarter releases moving 29+ pips over 119 events. For USDJPY, the median 1-hour move is 14 pips, with top-quarter releases moving 32+ pips over 117 events. Gold, XAUUSD, has shown a median 1-hour move of 33 pips, with top-quarter releases moving 61+ pips over 117 events. Direction-reliability statistics are not yet available for this release.
Recent prints for the ISM Non-Manufacturing PMI have shown varying outcomes. The July 2026 actual came in at 54, with EURUSD seeing a +3.9 pip 1-hour move. In June 2026, the actual was 54.5 against a forecast of 53.6, resulting in a +9.0 pip 1-hour move for EURUSD. The May 2026 reading was 53.6 against a forecast of 54.6, leading to a +8.3 pip 1-hour move in EURUSD.