ISM Non-Manufacturing Index

ISM Non-Manufacturing Index,

Definition of ISM Non-Manufacturing Index:

  1. This index can be compared with the ISM Manufacturing Index, which surveys manufacturers.

  2. 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.

  3. 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?

  1. Traders watch the index for signals of economic growth and corporate profits.
  2. The ISM Non-Manufacturing Index monitors changes in production levels from month to month for non-manufacturing firms, and is an important economic indicator.
  3. A number above 50 indicates a growing non-manufacturing (or services) sector.

Meaning of ISM Non-Manufacturing Index & ISM Non-Manufacturing Index Definition