MTSI Services PMI Composite Indexes: September 2025 (2nd Estimate)
| Index | August 2025 | September 2025 |
|---|---|---|
| General PMI | -0.16 | -0.88 |
| Activity | -0.09 | -0.72 |
| Revenue | 0.06 | -0.82 |
| New Orders | 0.37 | -0.79 |
| Employment | -1.11 | -1.06 |
| Prices Paid | 0.75 | 0.52 |
| Prices Received | 0.28 | 0.17 |
| Wages | -0.20 | -0.64 |
The MTSI Services PMI Composite weakened to -0.88 in September from -0.16 in August, reflecting a broad-based decline across activity, demand, and labor indicators with 6 out of 8 PMIs reported.
- Activity fell to -0.72 (from -0.09), signaling a sharper contraction in output momentum.
- Revenue dropped to -0.82 (from +0.06), pointing to a reversal into negative sales conditions.
- New Orders declined to -0.79 (from +0.37), indicating much weaker incoming demand compared with August.
- Employment slipped further to -1.06 (from -1.11), remaining firmly negative and highlighting persistent labor market softness.
- Prices Paid eased to +0.52 (from +0.75), suggesting some moderation in input cost pressures.
- Prices Received softened to +0.17 (from +0.28), consistent with reduced pricing power.
- Wages fell further to -0.64 (from -0.20), underscoring continued weakness in labor compensation trends.
