ISM Non-Manufacturing Index,
Definition of ISM Non-Manufacturing Index:
This index can be compared with the ISM Manufacturing Index, which surveys manufacturers.
The ISM Non-Manufacturing Index (NMI) is an economic index based on surveys of more than 400 non-manufacturing (or services) firms' purchasing and supply executives, within 60 sectors across the nation, by the Institute of Supply Management (ISM). A composite diffusion index is created based on the data from these surveys, that monitors economic conditions of the nation.
The index created by the Institute for Supply Management Non-Manufacturing, using information collected from surveys from over 400 non-manufacturing companies. An index with a score over 50 indicates that the industry is expanding, and a score below 50 shows a contraction. Also called ISM Services Survey.
How to use ISM Non-Manufacturing Index in a sentence?
- Traders watch the index for signals of economic growth and corporate profits.
- The ISM Non-Manufacturing Index monitors changes in production levels from month to month for non-manufacturing firms, and is an important economic indicator.
- A number above 50 indicates a growing non-manufacturing (or services) sector.
Meaning of ISM Non-Manufacturing Index & ISM Non-Manufacturing Index Definition