ISM Manufacturing Index

MarketWatch  Apr 1  Comment 
U.S. manufacturers grew at the slowest pace in March in almost two years and employment levels also weakened, a survey of executives found. The Institute for Supply Management said its manufacturing index declined to 51.5% last month from 52.9% in...
TheStreet.com  Mar 13  Comment 
NEW YORK (TheStreet) -- "Big data" has already made an impact in the technology world and now its moving into Wall Street,.  Steve Lohr, author of Data-Ism, describes the title of his book as three things: The first is about "raw material"...
Wall Street Journal  Mar 4  Comment 
The expansion in the U.S. non-manufacturing sector continued at a pace slightly better than expected last month, according to data released by the Institute for Supply Management. The ISM index inched higher to 56.9 from January’s 56.7.
MarketWatch  Feb 2  Comment 
ISM manufacturing index falls to worst level in a year
MarketWatch  Jan 2  Comment 
U.S. manufacturing companies grew in December at the slowest pace since last summer, with many executives saying labor troubles at key West Coast ports are created delays for imported raw materials and other goods. The Institute for Supply...
MarketWatch  Nov 3  Comment 
U.S. manufacturing companies expanded at a faster rate in October as new orders rose to the second highest level in five years, a survey of executives found. The Institute for Supply Management said its manufacturing index jumped to 59% from 56.6%...




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The ISM manufacturing index (or PMI - Purchasing Manager's Index before September 2001) is an economic measure for the US business sector. This index is run by the Institute of Supply Management in Arizona, which releases a monthly report on the first working day of the month on the overall state of the business sector in the United States.

The report attempts to gauge how the manufacturing sector of the US economy is doing. For example, it will cover how Ford is doing. This is similar to how the ISM Services Index works. Specifically, it is based on five main indicators:

  1. Production levels
  2. New orders placed
  3. Inventory Levels
  4. Supplier deliveries
  5. Employment environment

The Institute of Supply Chain Management sends out surveys every month to these businesses to answer a few simple questions. The survey isn’t just sent out to anyone, but directed towards the people who have the power to buy stuff and hire people. If you aggregate enough of this information you should be able to get a pretty good gauge of the manufacturing sector’s health.

Generally, an ISM value of 50 is considered neutral, a value of over 50 points as an expansion of the manufacturing sector and a value of less than 50 points a decline in industrial production views. The index has an average lead before the actual industrial production three to six months.







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