MTSI Services PMI Composite Indexes: August 2025 (1st Estimate)

Fri, Aug 22, 2025 · 12:00 PM ET Next release · Sep 23, 12:00 PM ET

Index July 2025 August 2025
General PMI -1.04 -1.07
Activity -0.52 -0.57
Revenue -0.53 -0.53
New Orders -0.40 -0.4
Employment -0.88 -0.97
Prices Paid 0.34 0.33
Prices Received 0.14 0.19
Wages -0.58 -0.58

The MTSI Services PMI Composite Index edged lower to -1.07 in August 2025, mostly unchanged from -1.04 in July, indicating continued mild contraction in the services sector with just 1/8 surveys reported and flash S&P PMI data.

  • Activity slipped to -0.57 (Jul: -0.52), showing a slightly faster pace of decline.

  • Revenue held unchanged at -0.53, suggesting stable but weak business conditions.

  • New Orders stayed at -0.40, pointing to flat demand momentum.

  • Employment fell further to -0.97 (Jul: -0.88), reflecting deeper contraction in hiring.

  • Prices Paid eased to 0.33 (Jul: 0.34), while Prices Received rose to 0.19 (Jul: 0.14), indicating stable input costs with modest improvement in selling prices.

  • Wages remained at -0.58, showing persistent pressure on labor compensation.