ISM Non-Manufacturing Prices Paid preview: Consensus points to higher price pressures
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The ISM Non-Manufacturing Prices Paid index is scheduled for release on 2026-10-05 at 14:00 UTC. Market consensus anticipates a reading of 76.9, an increase from the previous 72.6. This high-impact release is a crucial gauge of inflationary pressures within the US services sector, which constitutes a significant portion of the economy. A higher-than-expected figure could signal persistent inflation, potentially influencing the Federal Reserve’s monetary policy decisions.
Historically, this release has generated notable market movements across major currency pairs and gold. For EURUSD, the median 1-hour move after past releases has been 13 pips, with top-quarter releases seeing moves of 21+ pips. GBPUSD has experienced a median 1-hour move of 18 pips, with top-quarter releases moving 28+ pips. USDJPY has seen a median 1-hour move of 14 pips, and top-quarter releases have moved 32+ pips. XAUUSD, or gold, has shown a median 1-hour move of 34 pips, with top-quarter releases moving 71+ pips. Directional reliability statistics are not yet available for this release.
Recent prints show the September 2026 actual reading at 72.6, compared to a forecast of 68.2, which was followed by a -9.0 pip 1-hour move in EURUSD. The August 2026 reading was 70.3 against a 62 forecast, with EURUSD moving +9.4 pips. The July 2026 actual was 67.7, while the June 2026 reading was 71.3 against a forecast of 72.1.