FX.co ★ US Services Momentum Holds Steady as ISM Non-Manufacturing PMI Inches Up in July

The U.S. services sector showed signs of stable expansion in July, with the ISM Non-Manufacturing Purchasing Managers’ Index (PMI) edging up to 54.1 from 54.0 in June 2026. The marginal increase suggests that the largest segment of the U.S. economy continues to grow at a steady, if unspectacular, pace.

With readings above 50 indicating expansion, July’s figure confirms that services activity remained in positive territory through mid-summer. The slight uptick from June points to resilient demand in non-manufacturing industries, even as broader economic conditions remain closely watched by markets and policymakers.

The latest data, updated on 5 August 2026, will likely factor into investor and analyst assessments of U.S. growth prospects for the second half of the year, as the services sector continues to play a pivotal role in underpinning overall economic performance.