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ISM Manufacturing Index

Almost Everything Is Improving Except Hiring
FX Street  Nov 9  Comment 
U.S. Review Almost Everything Is Improving Except Hiring Nonfarm employment fell by 190,000 jobs in October, with declines as broad based as in recent months. The unemployment rate rose to 10.2 percent.  The ISM manufacturing index rose 3.1...
[$] Manufacturing Activity Expands
Wall Street Journal  Nov 3  Comment 
The U.S. factory sector posted its third consecutive month of growth in October, as the ISM manufacturing index rose to 55.7 from 52.6 in September.
Great Start To The Month
Daily US Stock Market Fundamental & Technical Analysis  Nov 3  Comment 
The Dow started the month optimistically, closing up by 76 points on better than expected ISM index. The US economy continues to present optimistic report cards as the ISM index turned in far better than expected. ISM index released this morning...
U.S. factories show strong growth
The Globe and Mail  Nov 2  Comment 
Key ISM index shows strongest growth since mid-2006
U.S. manufacturing on the rebound
The Globe and Mail  Nov 2  Comment 
U.S. purchasing managers index increase for October much stronger than forecast
MarketWatch  Nov 2  Comment 
U.S. purchasing managers index increase for October much stronger than forecast
Oct. ISM factory index surges to 55.7%
MarketWatch  Nov 2  Comment 
Conditions for the nation's manufacturers in October improved markedly, the Institute for Supply Management reported Monday. The ISM index jumped to 55.7% in October from 52.6% in September. This is well above forecasts. The consensus forecast of...
Profit-taking consolidation to persist
Business Times - Malaysia  Oct 4  Comment 
Weak regional markets last week, spurred by the correction on Wall Street due to weaker-than-expected economic data ranging from durable goods orders, existing home sales, higher weekly jobless claims and slower expansion in the ISM manufacturing...
Under pressure
FX Street  Oct 2  Comment 
Global Update The ISM index disappointed badly this week. While we still believe the trend is up for the economy, it highlights that the direction is likely to be less straightforward, which shifts the burden of proof to the bulls on the economy....
US: ISM stabilizes, while claims rise and pending home sales surge
FX Street  Oct 2  Comment 
The ISM manufacturing survey showed a near stabilization in conditions in September, whereas consensus was looking for an improvement, which also occurred in the previous eight months. However, earlier released regional survey already pointed to a...
Non-farm payrolls data today
FX Street  Oct 2  Comment 
Key news Bond yields and equities fell substantially after the ISM index data Non-farm payrolls data today Markets Overnight Well, it seems the last straw broke the bond market’s back yesterday. Throughout this week we have seen...
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Advait Pandey

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.







References

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