Economic Report:ISM Non-Manufacuring (Servicing Index)
Released by:Institute for Supply Management
Release Date/Time:10:00 a.m. Third business day of the month.
Description:The Institute for Supply Management (ISM), an association of supply management professionals, releases two reports monthly: the Manufacturing ISM and the Non-Manufacturing ISM. The reports are based on monthly surveys to approximately 400 companies in order to determine whether the economy is expanding or contracting. Among the items included in the survey are the following: changes in production, new orders, new export orders, imports, employment, inventories, prices, lead-times, and the timeliness of supplier deliveries in their companies comparing the current month to the previous month. A reading above 50 in either index shows expansion and a reading below 50 shows contraction.