MTSI Services PMI Composite Indexes: September 2025 (Final)
| Index | August 2025 | September 2025 |
|---|---|---|
| General PMI | -0.16 | -1.01 |
| Activity | -0.09 | -0.99 |
| Revenue | 0.06 | -1.01 |
| New Orders | 0.37 | -0.83 |
| Employment | -1.11 | -1.14 |
| Prices Paid | 0.75 | 0.48 |
| Prices Received | 0.28 | 0.15 |
| Wages | -0.19 | -0.70 |
The MTSI Services PMI Composite fell sharply to -1.01 in September (from -0.16 in August), reflecting a broad-based deterioration across activity, demand, and labor measures, with 8 out of 8 PMIs reported.
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The Activity index dropped to -0.99 (from -0.09), indicating a significant weakening in overall service sector output.
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Revenue fell to -1.01 (from +0.06), reversing from marginal growth in August to contraction in September.
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New Orders declined to -0.83 (from +0.37), showing a notable softening in demand momentum.
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Employment slipped further to -1.14 (from -1.11), remaining firmly negative and underscoring continued labor market weakness.
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Prices Paid eased to +0.48 (from +0.75), pointing to a moderation in input cost pressures.
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Prices Received fell to +0.15 (from +0.28), suggesting reduced pricing power for firms.
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Wages dropped to -0.70 (from -0.19), highlighting a steeper decline in labor compensation trends.
