Non-Manufacturing Index (NMI) or Services PMI, a leading indicator of economic activity in the services sector. A reading above 50 indicates expansion.
Latest reading:98.8833 Index·Last updated:·Source: FRED (BEA/BLS/Fed)
Category: Economy
API Endpoint
/api/v1/announcements/usd/nmi
Use the production OpenAPI schema for the authoritative REST route metadata.
The Non-Manufacturing Index (NMI) for United States surveys service-sector activity, covering industries such as finance, retail, healthcare, and accommodation. It complements the manufacturing PMI to give a complete picture of economic momentum.
Why FX traders watch it
Services sectors represent the majority of employment and GDP in most developed economies. Strong NMI readings indicate robust domestic demand and hiring, which the Federal Reserve weighs in its assessment of inflation and growth risks.
How to interpret the data
NMI above 50 is expansionary and broadly usd-positive. A drop below 50 in services is more alarming than a manufacturing contraction in most economies because services are harder to offset through exports.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Services PMI (NMI) data for USD from 2023:
GET https://fxmacrodata.com/api/v1/announcements/usd/nmi?start_date=2023-01-01&end_date=2023-12-31
Frequently Asked Questions
How often is United States Services PMI (NMI) updated?
Services PMI (NMI) for United States is released on a monthly schedule by Federal Reserve (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Services PMI (NMI) reported in?
The series is published in Index. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source United States Services PMI (NMI) data?
Data is fetched directly from Federal Reserve or the official national statistics publication for United States. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Services PMI (NMI) for United States via the API?
Issue a GET request to /api/v1/announcements/usd/nmi?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.