ISM Non-Manufacturing PMIInstitute for Supply Management (latest release)Measures Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry;Usual Effect Actual > Forecast = Good for currency;Frequency Released monthly, on the third business day after the month ends;Next Release Nov 4, 2015FF Notes Above 50.0 indicates industry expansion, below indicates contraction. Source changed series from unadjusted to seasonally adjusted as of January 2001. Source changed series calculation formula as of Feb 2008;Why TradersCare 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 Services PMI, Non-Manufacturing ISM Report On Business;Acro Expand The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI);
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