Past Release · ISM Services
May 2024 ISM Services Report
Wednesday, May 1, 2024
ISM Services printed at 69.10, a -10.49% move from the prior reading of 77.20.
Headline Reading
Consumer Sentiment (Michigan)→69.10
May 1
Prior
77.20
Absolute
8.10
Percent
-10.49%
What to Watch For
- •Headline ISM Services vs 50
- •Business activity subindex
- •New orders
- •Employment
- •Prices, services inflation proxy
Expected Market Reaction
Given services dominance, ISM Services moves matter more for overall economic read. Hot prices subindex is hawkish for bonds. Weak business activity with hot prices = stagflation signal.
Related Assets Around the Release
Related Scenarios
What Happens When Consumer Confidence Collapses?
What happens when consumer sentiment craters? Does it actually predict spending? Historical analysis of confidence crashes and what they mean for markets.
What Happens When CPI Surprises Hot?
What happens to markets when CPI inflation data comes in hotter than expected? Bond selloffs, Fed hawkishness, and portfolio positioning explained.
Get release-day analysis and market reaction framing before consensus forms.