ISM Manufacturing Survey
From The Free Forex Encyclopedia
The ISM Manufacturing Survey is used as an economic indicator of the market. It is felt that this survey is very important in determining what the market is likely to do, and it is published by the Institute for Supply Management, on a monthly basis. The report will indicate information from the previous month’s historical data, and is released on the first business day after the close of the month.
The ISM Manufacturing Survey provides details in the manufacturing aspect of the economy, and therefore is considered a strong indictor of the economy’s movement. It is also the very first report that is provided as an economic indicator for the month, therefore it perhaps has more significant attention and benefit than might otherwise be the case. The survey deals specifically with the manufacturing industry in the country. ISM provides a wide range of other reports as well that help to define risk in the market at any given time.