What is the ISM Manufacturing Report on Business®?

The ISM Manufacturing Report on Business® is a monthly survey of purchasing and supply executives that provides indicators such as the Manufacturing PMI, production levels, employment, inventories, and supplier deliveries to assess business conditions in the manufacturing sector.

What does a PMI above 50 mean?

A PMI (Purchasing Managers’ Index) above 50 indicates expansion in business activity, whereas a PMI below 50 signals contraction in manufacturing or services output.

How do the ISM Services and Manufacturing Reports differ?

The ISM Manufacturing Report focuses on goods production, inventories, and supplier deliveries, while the ISM Services Report surveys conditions in the service sector covering areas like new orders, business activity, and employment in services industries.

Which ISM indicators are most important for economic forecasting?

Key ISM indicators for forecasting include the PMI, new orders index, production index, employment index, backlog of orders, prices index, and supplier deliveries because they highlight demand, capacity, and pricing pressures in the economy.

Can the ISM Report predict changes in manufacturing hiring?

Yes. The ISM employment index reflects hiring trends in the manufacturing sector and is often used alongside labor market data to anticipate changes in production staffing levels.

Do ISM reports affect financial markets?

ISM reports are closely watched by investors and economists because they provide timely insights into business activity, which can influence market sentiment, interest rate expectations, and equity valuations.

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The ISM Year-end Forecast

December 15, 2023

Tim Fiore, Committee Chair for the Manufacturing Report on Business® and Anthony Nieves, Committee Chair for the Services Report on Business® join hosts Lew Weiss and Tim Grady to discuss the results of ISM’s survey on business conditions.

The ISM Year-end Forecast

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