ISM Manufacturing Index

MarketWatch  Aug 1  Comment 
ISM manufacturing index tops expectations with climb to 57.1% in July
Market Intelligence Center  Jul 1  Comment 
After the Open... The S&P 500 is once again in record territory in morning trading, having climbed above 1,970, with other indices higher as well. This despite the ISM Index having come in slightly weaker than expected, at 55.3, compared to a...
SeekingAlpha  Jun 30  Comment 
By James Picerno: The ISM Manufacturing Index is expected to increase to 55.5 in tomorrow’s update for June—a marginal gain vs. the previous month, based on The Capital Spectator’s median econometric forecast. The Capital Spectator’s...
SeekingAlpha  Jun 2  Comment 
By Calafia Beach Pundit: Two spreadsheet errors at the Institute for Supply Management added some extra volatility to the markets today, and fortunately it was resolved in favor of a relatively healthy outlook. The May reading for the...
FX Street  Jun 2  Comment 
Manufacturers’ sentiment dropped in May as the ISM index fell to 53.2, with weaker orders and... For more information, read our latest forex news and reports.
MarketWatch  Jun 2  Comment 
U.S. manufacturing companies grew at a somewhat slacker pace in May, mainly because new orders and employment expanded more slowly, a survey of executives found. The Institute for Supply Management said its manufacturing index fell to 53.2% last...
Clusterstock  Jun 2  Comment 
Quick heads up: There are two major datapoints coming out today. Here they are from Calculated Risk: • At 10:00 AM ET, the  ISM Manufacturing Index for May . The consensus is for an increase to 55.5. The ISM manufacturing index indicated...




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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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