FX.co ★ U.S. ISM Non-Manufacturing New Orders Experience Dip in November

In November 2025, the U.S. non-manufacturing sector's new orders saw a slight decline, according to the latest data from the Institute for Supply Management (ISM). The ISM Non-Manufacturing New Orders index dropped to 52.9, down from 56.2 in October, marking a notable shift in the economic landscape.

This downturn suggests a cooling in demand within the services sector, as businesses recalibrate their operations amid evolving domestic and global market conditions. The November figures reflect a slowdown, which is still above the 50-point threshold indicating expansion but shows momentum easing from the previous month.

The updated figures, released on December 3, 2025, could signal a recalibration of expectations for the service industry's growth trajectory and might impact business decision-making and economic forecasts going into the final stretch of the year. Analysts are likely to keep a close watch on upcoming economic indicators to gauge the broader implications of this shift.