ISM Manufacturing Index
The Institute for Supply Management (ISM) Manufacturing Index is a monthly economic indicator that measures the health of the manufacturing sector in the United States. The index is based on a survey of purchasing managers in the manufacturing sector, and it is released on the first business day of each month. The index is a key indicator of economic activity, and it is closely watched by economists, investors, and policymakers.
History of the ISM Manufacturing Index
The ISM Manufacturing Index was first developed in 1931 by the National Association of Purchasing Managers (NAPM). The index was designed to measure the level of activity in the manufacturing sector, and it has been used as an economic indicator ever since. The index was renamed the ISM Manufacturing Index in 1997 when the NAPM merged with the Institute for Supply Management.
The ISM Manufacturing Index is based on a survey of purchasing managers in the manufacturing sector. The survey asks questions about current business conditions, such as new orders, production levels, inventories, and employment. The survey also asks questions about expectations for the future. The responses to the survey are used to calculate the index, which is then released on the first business day of each month.
Table of Comparisons
| Month | Index |
|---|---|
| January | 50.9 |
| February | 51.8 |
| March | 52.4 |
| April | 53.7 |
Summary
The ISM Manufacturing Index is an important economic indicator that measures the health of the manufacturing sector in the United States. The index is based on a survey of purchasing managers in the manufacturing sector, and it is released on the first business day of each month. The index is closely watched by economists, investors, and policymakers, and it can provide valuable insight into the current state of the economy. For more information about the ISM Manufacturing Index, visit the Institute for Supply Management website.
See Also
- Gross Domestic Product (GDP)
- Consumer Price Index (CPI)
- Employment Cost Index (ECI)
- Producer Price Index (PPI)
- Retail Sales Index (RSI)
- Housing Starts Index (HSI)
- Durable Goods Orders Index (DGOI)
- Business Inventories Index (BII)
- Construction Spending Index (CSI)
- Leading Economic Indicators (LEI)
