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| Source | Institute for Supply Management (latest release) |
Measures | Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; |
Usual Effect | Actual > Forecast = Good for currency; |
Frequency | Released monthly, on the first business day after the month ends; |
Next Release | Apr 1, 2014 |
FF Notes | Above 50.0 indicates industry expansion, below indicates contraction; |
Why Traders Care | It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; |
Derived Via | Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; |
Also Called | Manufacturing ISM Report On Business; |
Acro Expand | The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI); |
Forecast: 52.3
Previous: 51.3
source: http://www.forexfactory.com/
