The Institute for Supply Management (ISM) is scheduled to release its September Services PMI for the US on Monday. The services sector, which plays a crucial role in the US economy, is expected to show a modest increase from the previous month.
According to FX Street, the consensus forecast anticipates the Services PMI rising slightly to 55.7 in September, up from August’s 55.4. This suggests continued expansion in the US services sector, albeit at a marginally faster pace.
For Japanese investors and traders, the ISM Services PMI is a key indicator to watch as it influences global market sentiment and can impact currency and equity movements, particularly in the context of ongoing US economic data releases.