ISM Manufacturing Index

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%...
MarketWatch  Oct 1  Comment 
ISM manufacturing index falls in September
SeekingAlpha  Sep 12  Comment 
By Frank Holmes: You can always count on the United States of America to help boost global manufacturing growth. In its monthly Purchasing Managers Index (PMI) report, JP Morgan announced that the global PMI showed a slight uptick from 52.5 in...
Market Intelligence Center  Sep 2  Comment 
After the Open... Stocks are wobbling back and forth a bit, with no real direction at present. Oil prices firmed up somewhat over the long weekend, the ISM index showed strong growth in August in the manufacturing sector and construction spending...
Market Intelligence Center  Sep 2  Comment 
MarketWatch  Sep 2  Comment 
ISM manufacturing index unexpectedly rises to 59.0 in August from 57.1
SeekingAlpha  Sep 1  Comment 
By James Picerno: The ISM Manufacturing Index is expected to decline slightly to 56.8 in tomorrow's update for August vs. the previous month, based on The Capital Spectator's median econometric point forecast. The estimate is still well above the...
MarketWatch  Aug 1  Comment 
ISM manufacturing index tops expectations with climb to 57.1% in July




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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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