ISM Services PMI Feb: 56.1 vs 54 expected (above expectations)
Blowout — 56.1 (vs 53.8 prior), highest since July 2022. Beat every single estimate in Bloomberg's survey. Services economy on fire despite everything.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
Services accelerating hard — prices component cooled (good) but activity and new orders surged. Confirms the economy isn't rolling over despite weak GDP.
📖 Why This Matters
Services sector report: the economy where everything's made up and manufacturing doesn't matter.
ISM Services PMI Feb actual vs expected
| Release date | Wednesday, March 4, 2026 at 10:00 ET |
|---|---|
| Event type | ISM |
| Actual | 56.1 |
| Expected | 54 |
| Prior | 53.8 |
| Expectation surprise | above expectations |
📚 Related calendar tools and guides
FAQ
What was the ISM Services PMI Feb result?
ISM Services PMI Feb came in at 56.1 versus 54 expected, above expectations.
How did markets react to ISM Services PMI Feb?
SPY +0.6%, BTC +1.2%. Rate cut odds dropped — strong economy = no urgency for the Fed.
🔗 Related Events
ISM Manufacturing PMI Feb
Expansion held — PMI 52.4 (vs 52.6 prior). Second straight month above 50 but only the third time in 40 months. Factory gate inflation surged on tariff costs.
ISM Manufacturing PMI Mar
Manufacturing improved to 52.7 in March from 52.4, beating the 52.0 consensus and marking the best reading since August 2022. Activity stayed in expansion, but supplier delays and tariff-related costs kept the inflation angle alive.
ISM Services PMI Mar
The services PMI eased to 54.0 in March from 56.1 and missed the 54.9 consensus. Services stayed in expansion, but growth cooled while price pressures kept creeping up and hiring softened.