This is a market about the ISM Services Purchasing Managers' Index (PMI) for August 2026, as reported by the Institute for Supply Management (ISM). A reading above 50 indicates expansion in the services sector relative to the previous month; a reading below 50 indicates contraction. This market will resolve to the bracket containing the ISM Services PMI for August 2026 according to the monthly ISM Services PMI Report On Business. The resolution source for this market will be the ISM Services PMI Report On Business released for August 2026 (https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/), currently scheduled to be released on September 3, 2026, at 10:00 AM ET. Resolution of this market will take place upon release of the aforementioned data. Note: although ISM describes the PMI reading using the term "percent" in its official release (e.g., "The Services PMI registered 53.6 percent"), the PMI is a diffusion index, not a true percentage. For the purposes of this market, the PMI reading will be treated as a plain numerical value, consistent with how the index is universally quoted in financial markets. Note: The ISM Services PMI is reported to one decimal point. Thus, this is the level of precision that will be used when resolving this market. If ISM does not release the relevant figures on the scheduled date, this market may remain open until the scheduled release time of the next ISM Services PMI report (https://www.ismworld.org/supply-management-news-and-reports/reports/rob-report-calendar/). If the information is not released by that time, this market will resolve according to the figures of the most recent previous month with available data.
Recent S&P Global flash services PMI data for August 2026 printed at 56.8, well above consensus and prior readings, reflecting resilient new orders, faster employment growth, and stronger business activity that contrasts with the official ISM July reading of 54.1. Persistent price pressures near 70, employment sub-index contraction to 47.4, and softer regional surveys such as the Kansas City Fed services index introduce downside risks, while Q2 GDP growth of 1.5% and stable consumer spending support a mid-50s outcome. With leading probability bands clustered between 52.0–55.9, traders price in continued expansion near recent averages amid uncertainty over whether the private-sector momentum translates directly to the ISM headline. The September 3 release will resolve these dynamics against a backdrop of moderating inflation signals and labor-market softening.