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ISM Non-Manufacturing Index

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ISM Non-Manufacturing: Continued Expansion
FX Street  May 3  Comment 
In April, the ISM non-manufacturing index fell to 53.1, but remained in expansion mode. Growth... For more information, read our latest forex news and reports.
March ISM Non-Manufacturing Index 54.4 vs 55.5 Expected
StreetInsider.com  Apr 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/March+ISM+Non-Manufacturing+Index+54.4+vs+55.5+Expected/8229577.html for the full story.
MISS: ISM SERVICES FALLS TO 54.4
Clusterstock  Apr 3  Comment 
The ISM services release is out. The headline ISM non-manufacturing index fell to 54.4 in March from 56.0 in February. Economists expected a smaller drop to 55.5. Any number above 50 indicates expansion, so this reading indicates that the...
Coming up: ISM services index for March
MarketWatch  Apr 3  Comment 
US: ISM Non-Manufacturing Rebounds On New Order Growth
FX Street  Mar 6  Comment 
The ISM Non-Manufacturing Index rose to 56.0, up 0.8 points on better demand and increased backlogs... For more information, read our latest forex news and reports.
Industrial Production in Developed World Stabilizing?
FX Street  Feb 11  Comment 
U.S. Review December Data Signals Upward Revisions to Q4 Growth The ISM Non-Manufacturing Index... For more information, read our latest forex news and reports.
Services Sector still Growing as Employment Rises
FX Street  Nov 12  Comment 
Highlights Services Sector still Growing as Employment Rises - The ISM Non-Manufacturing Index and... For more information, read our latest forex news and reports.
ISM Non-Manufacturing Index Drops to 54.2 in October as Business Activity Eases
StreetInsider.com  Nov 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/ISM+Non-Manufacturing+Index+Drops+to+54.2+in+October+as+Business+Activity+Eases/7844099.html for the full story.
Economic Report: U.S. services growth slows in October: ISM
MarketWatch  Nov 5  Comment 
Services growth slowed down in October, with weaker business activity, production and new orders, according to a gauge released Monday by the Institute for Supply Management.
Forex: US ISM non-manufacturing index bucks the trend – Capital Economics
FX Street  Sep 7  Comment 
FXstreet.com (Barcelona) - Senior US Economist Paul Dales of Capital Economics believes “the rise... For more information, read our latest forex news and reports.
Services activity ticks higher in August
MarketWatch  Sep 6  Comment 
Growth of economic activity among U.S. services industries ticked up in August, with a rebound in employment while production growth slowed, according to data released Thursday by the Institute for Supply Management. The ISM non-manufacturing...
Coming up: U.S. August services activity
MarketWatch  Sep 6  Comment 




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Xiao Chen Low

ISM Non-Manufacturing Index measures the employment trends, prices and new orders in non-manufacturing industries. Even though non-manufacturing sectors account for majority of the economy, the ISM Non-Manufacturing Index has less of a market impact because its data tends to be more cyclical and predictable. Nevertheless, the index still provides insights into the business conditions in non-manufacturing industries which can impact output growth and inflationary pressures.[1]

Measures of ISM Non-Manufacturing Index

The ISM Non-Manufacturing Index is calculated based on a sample survey of purchasing and supply managers and it is weighted according to industry contribution to GDP. Sub-indices are also reported and they include business activity, new orders, supplier deliveries, employment, inventories, prices, order backlogs, new export orders, imports and inventory sentiment.[2]

Why is it important

The ISM non-manufacturing sub-indices like business activity provide investors insights into the economic backdrop for various markets.[3] Stock market prefers healthy economic growth as it translates to higher corporate profits. On the other hand, the bond markets favor less rapid growth and are extremely sensitive to inflationary pressure.

See also: ISM Manufacturing Index

References

  1. ↑ FX Words: ISM Non-Manufacturing Index
  2. ↑ FX Words: ISM Non-Manufacturing Index
  3. ↑ Econoday: 2010 Economic Calendar
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