ISM manufacturing index definition
ISM manufacturing index
The ISM manufacturing index is a survey of over 300 purchasing managers and supply management executives. The report is regarded as a vital indicator of the state of the US economy as it can affect investor and business confidence.
The ISM manufacturing index gives equal weighting to production, employment, supplier deliveries, new orders, and inventories and seasonally adjusts each factor.
ISM manufacturing index release schedule
The ISM manufacturing index is usually published on the first day or within the first few days of each new month. There are also two semi-annual economic forecasts published, usually in January and May.