ISM Manufacturing PMI Remains Contractionary ISM Manufacturing PMI (released today).
Rep: 47.2 🚨Below Expectations & contractionary🚨
Exp: 47.5
Prev: 46.8
Anything below 50 is considered contractionary.
ISM Services PMI
ISM Services PMI is released this Thursday 5th Sept 2024. ISM Services is currently expansionary at 51.4. Lets s
Key data points
Last release
—
Observation period
Oct 2024
Next release
—
Forecast
—
Highest
67.60 POINT on Nov 30, 2021
Lowest
37.80 POINT on Nov 30, 2008
About United States Non-Manufacturing PMI
The Non-Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries) this report shows the percentage reporting each response, and the diffusion index. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Orders to the service producers make up about 90 percent of the US economy.
The Business Cycle is turning up ISM Services PMI
Rep: 53.4% ✅ HIGHER THAN EXPECTED ✅
Exp: 51.7%
Prev: 50.5% (revised down marginally from 50.6%)
The reading for ISM Services PMI came in much higher than expected with services remaining in expansionary territory for Jan 2024 (>50 Level)
Whilst ISM Manufacturing PMI came in at
Macro Monday 22 - ISM Services Vs PMI US ISM Non-Manufacturing Index (ISM Services)
Next Release: 5th December 2023 (released on third business day of each month)
The U.S. Institute for Supply Management (ISM) Non-Manufacturing Index (“ISM Services”) encompasses a wide range of services across various industries.
The index is desi
US PMI : The one chart that says it ALLIt seems nearly all of the pieces to the puzzle is falling into place.
The ISM is the most important LEADING indicator and now ALL is in contraction. Even those who display certain optimism about the state of the economy should now be in doubt.
The sudden drop of the Non-Manufacturing PMI from 5
FOMC Rates Decision and the Effect on Gold**Repost from Dec 13th 2022 since the original post disappeared**
Economic indicators from the past month indicate that the price of services is the key factor that helps prevent a rapid decline in inflation , although the price of goods had already dropped considerably and the labor market remaine
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