ISM Non-Manufacturing

ISM Non-Manufacturing is a term used to describe the services sector of the economy. It is a measure of the health of the services sector, which includes industries such as finance, insurance, real estate, professional services, health care, and hospitality. The ISM Non-Manufacturing Index is a monthly survey of purchasing managers in the services sector, and it is used to gauge the overall health of the services sector. The index is based on five components: new orders, employment, supplier deliveries, inventories, and prices.

History of ISM Non-Manufacturing

The ISM Non-Manufacturing Index was first developed in 1997 by the Institute for Supply Management (ISM). The index was created to measure the health of the services sector, which had previously been overlooked by other economic indicators. The index is based on a survey of purchasing managers in the services sector, and it is used to gauge the overall health of the services sector. The index is released on the first business day of each month.

Comparison of ISM Non-Manufacturing Index to Other Indicators

Summary

The ISM Non-Manufacturing Index is a monthly survey of purchasing managers in the services sector, and it is used to gauge the overall health of the services sector. The index is based on five components: new orders, employment, supplier deliveries, inventories, and prices. The index is released on the first business day of each month, and it is a leading indicator of the health of the services sector. For more information about the ISM Non-Manufacturing Index, visit the Institute for Supply Management website.

See Also

• ISM Manufacturing Index
• GDP
• Employment
• Consumer Price Index
• Producer Price Index
• Retail Sales
• Housing Starts
• Durable Goods Orders
• Consumer Confidence Index
• Business Confidence Index

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