MTSI Services PMI Composite Indexes: August 2025 (2nd Estimate)
| Index | July 2025 | August 2025 |
|---|---|---|
| General PMI | -1.04 | -0.17 |
| Activity | -0.52 | -0.11 |
| Revenue | -0.53 | 0.05 |
| New Orders | -0.40 | 0.32 |
| Employment | -0.87 | -1.12 |
| Prices Paid | 0.33 | 0.76 |
| Prices Received | 0.14 | 0.28 |
| Wages | -0.58 | -0.20 |
The MTSI Services PMI Composite Index bounced from -1.04 in July to -0.17 in August, a significant improvement in services conditions, with 7/8 PMIs reported.
- The Activity index has recovered to almost normal, rising from -0.52 in July to -0.11 in August.
- Demand appears to be improving after weak Q2 readings as the Revenue index increased 58 bps to 0.05 and the New Orders index jumped 72 bps to 0.32.
- While activity indicators improved, the Employment index weakened further, down from -0.87 in July to -1.12 in August.
- Inflationary pressures increased in August as the Prices Paid index more than doubled to 0.76 and the Prices Received index increased 14 bps to 0.28 (the highest since May 2023).
