ISM Manufacturing PMI
a.k.a. ISM manufacturing, ISM PMI
A monthly survey of US factory purchasing managers from the Institute for Supply Management; above 50…
In plain English
A monthly survey of US factory purchasing managers from the Institute for Supply Management; above 50 means manufacturing is expanding.
The ISM Manufacturing PMI comes out on the first business day of each month. It combines new orders, production, employment, deliveries and inventories into one number. The prices-paid component is watched as an inflation clue.
It is one of the first big US data points each month, so it can set the dollar's tone.
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