US services sector cools in September, price pressures building
United States services sector activity decelerated in September, alongside a measure of prices paid by businesses for inputs reaching its highest level in more than four years. Strong domestic demand stretched supply chains during the month. According to the Institute for Supply Management, the Services PMI fell to 54.9 percent. The cooling growth and rising input costs coincided with gold dipping to $4,141 per ounce following the release of the ISM report.
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- ✓ US services sector activity slowed in September.
- ✓ The ISM Services PMI registered at 54.9 percent.
- ✓ The measure of prices paid by businesses for inputs hit its highest level in more than four years.
- ✓ Gold dipped to $4,141 per ounce after the ISM Services PMI release.
What changed
The Institute for Supply Management reported that the US Services PMI dropped to 54.9 percent in September alongside a four-year high in input prices.
Live updates
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US Services Sector Cools in September as Price Pressures Climb
United States services sector activity decelerated in September, alongside a measure of prices paid by businesses for inputs reaching its highest level in more than four years. Strong domestic demand stretched supply chains during the month. According to the Institute for Supply Management, the Services PMI fell to 54.9 percent. The cooling growth and rising input costs coincided with gold dipping to $4,141 per ounce following the release of the ISM report.
Why it matters
The services sector represents a major engine of the domestic economy, making shifts in its growth rate and input costs critical for tracking broader macroeconomic health. Rising price gauges indicate persistent inflationary pressures facing companies purchasing inputs. Market observers monitor these monthly Institute for Supply Management indicators closely to gauge future monetary policy directions and commodity market impacts.
What is confirmed
- US services sector activity slowed in September.
- The ISM Services PMI registered at 54.9 percent.
- The measure of prices paid by businesses for inputs hit its highest level in more than four years.
- Gold dipped to $4,141 per ounce after the ISM Services PMI release.
Still unconfirmed
- Elevated input prices reflect ongoing inflationary pressures linked in part to the Iran war.
What to watch next
- Subsequent Federal Reserve commentary regarding services inflation and economic cooling.
- Future ISM Services PMI releases to determine if input price pressures continue past September.
confidence 95%Sources used for this update (16)
- Reuters — US services sector cools in September, price pressures building
- PR Newswire — Services PMI® at 54.9%; September 2026 ISM® Services PMI® Report
- Bloomberg.com — US Services Expansion Slows, Price Gauge at Four-Year High
- KITCO — Gold dips to $4,141/oz after ISM Services PMI falls to 54.9 in September
- Forex Factory — Trump: No Rush To Reach A Trade Deal With Canada
- CME Group — ALL: Market Focus
- economictimes.indiatimes.com — US services sector cools in September, price pressures building
- www.marketscreener.com — US services sector cools in September, price pressures building | MarketScreener
- wxerfm.com — US services sector cools in September, price pressures building
- finance.yahoo.com — US services sector activity slows in September; price ...
- biz.chosun.com — US services growth cools as price pressures hit four-year peak
- finance.yahoo.com — U.S. services sector activity slows in September amid ...
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