ISM US January Services Index Unchanged, Above Expectations

10:10 AM EST, 02/04/2026 (MT Newswires) -- The Institute for Supply Management's US services index remained at 53.8 in January, compared with expectations for a decrease to a reading of 53.5 in a survey compiled by Bloomberg.

The ISM's reading follows mixed results from regional Federal Reserve bank measures, which the S&P Global measure indicated mild expansion.

There were gains in the readings for production, prices and supplier deliveries, but decreases for new orders, employment and inventories.

The monthly national services reading from the Institute for Supply Management is reported as a headline index, with readings above 50 indicating expansion and those below 50 indicating contraction. Component indexes measure new orders, production, employment, and prices.

An increase in the index further above 50 is considered a sign of a strong US services sector and would be a positive for service-sector stocks. Rising prices would normally be a negative for both stocks and bonds.

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