Understanding the ISM Non-Manufacturing Index
βοΈ αααααΉαααααΆαα
– ISM Non-Manufacturing Index ααΊααΆααΌα
ααΆααααααααα·α
αα
αααααααΌαααΆαααα½αααααΆαααααΆαααΌααααΌααΆααα
αααα»ααα ααααα’αΆαααα·α αααααα’ααααΎααΆααααααααα·ααΈαααααΆαααα»αα αα»ααα·ααααααα·ααααα(α¬ααααΆαααα) ααΆα 400 αααα»αα αα»αααααααα·ααααα·ααΆααα·α αα·αααααααααααα
– ISM Non-Manufacturing Index ααΆααααααααααααΆαα’αΆααΈααααα ααΆααααααΆαα·αααααΈ ααΆαααΆα ααΆαααΉααααααΌαααααα’ααααααααααααα ααααα·αααΆαααΎααααα αα·ααααααααααΆααααα
– αααααααα»αααΆαααΎααα·αααααα PMI
– ααααααααα PMIβ αααααααΌαααΆαα
αΆαααα»αααΆααΆααΌα
ααΆααααααααα·α
αα
αααααΎααα½αααΆαααααΆαααααα»αααΆαααΆαααΆαααΈααααΆαααΆαααααααα·α
αα
ααΆααααααα αααααααΆαααααΆααααααΌααααααααΆαααα·αααααααΆααΉαααΆααα’αΆα
αααα αΆαααΈααΆαααααΆααααααΌαααΆααααααΌααααΌααΆααα
αααα»αααααααα·α
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βοΈ ααααααααααΈ ISM Non-Manufacturing Index
ISM Non-Manufacturing Index ααΊααΆααΌα
ααΆααααααααα·α
αα
αααααααΌαααΆαααα½αααααΆαααααΆαααΌααααΌααΆααα
αααα»ααα ααααα’αΆαααα·α αααααα’ααααΎααΆααααααααα·ααΈαααααΆαααα»αα αα»ααα·ααααααα·ααααα (α¬ααααΆαααα) ααΆα 400 αααα»αα αα»αααααααα·ααααα·ααΆααα·α αα·αααααααααααα ααΆααΆααααααααα
ααΎαααααααΆαααααααα·α
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αα·ααααααααααααΈααααΆααα
αααα»ααα·ααααα·ααααααα·ααααα α¬ααααΆαααααα
αααα»αααααααα αα·ααααααααΆααα
αααα»α ISM Non-Manufacturing Index ααααα½αααΆα ααΆαααααΆααα»αααΆα ααΆαα’αααα α α·ααααααααα» ααΆααααααΆα ααΆαααΉααααααΌα αα·αααααΆαααααααααααααα
βοΈ ααΎ ISM Non-Manufacturing Index ααΆαααααααααΎα’αααΈαααα? α αΎαα
ααααααΆααααααααΆ αα·ααα
αααααΆ?
ISM Non-Manufacturing Index ααΆααααααααααΆαααΆαα»ααααΆααααα½αααΌα
ααΆα
– αααααααΆαα’αΆααΈαααααα αααα»ααααα
αΆααααΈααααα·αααααααα·ααααα·ααΆαα’αΆααΈααααα αα·ααααααααΆααα
αααα»ααα·αααααααΆααααα
– ααΆααααααΆαα·αααααΈα ααΆαααααααααααΌαααΆααααααΆααααααΆααααααααΈ αα·αα
ααα’α»ααααα αΆαααΆααΎααΆαααΆαααΎαα‘αΎα α¬ααα
α»αααααΆααααααΆαα·αα
αΌαα
– ααΆαααΆαα ααΆαααααααααΎααΆαααααΆααααααΌαααααα·αααΆαααΆααααα»ααα·αααααααΆααααα
– ααΆαααΉααααααΌαααααα’αααααααααααααα ααΆαααααααααααΏαααααΆαα
ααα
αΆαααααα’ααααααααααααα αααα’αΆα
αααα αΆαααΈααΆααααααα α¬ααΆαααααΆααααααΌααα
αααα»ααααααΆαα»αααααααααΆααααααααααααα
– ααααα·αααΆαααΎαααααα αααααααΌαααΆααααααΉαα’αααΈααΆαα’αα»ααααααΆααααααααααααΆαααΎααααααα
αααα»ααα·αααααααΆααααα
– αααααα ααΆααααααααΎααΆαααααΆααααααΌαααααααααααααΆααααΆαααΆαα
αΌαααααα»ααΆαα»ααΎα αα·αααααΆαααα ααααααα»ααααα
αΆααααΈαααααΆαα’αα·ααααΆα
ISM Non-Manufacturing Index ααααΌαααΆαα ααααααΆαααα Institute for Supply Management (ISM) αααααΆαααΆαααα·ααααΆααΈαααααααααααα·αααααα αα·αααΆααααααΉααααααΆααααααΉαααΆααααααααααααΆααααααααααα αα·αααΆααααααΆαα·α α αΎααα·αααααααααααααααααΆααααααααααα ααααααΆαααΆαααααΆαααααααααα

βοΈ αααααααα»αααΆαααΎααα·αααααα PMI
ISM Manufacturing Index ααααΌαααΆαααααΆαααααΆαα
ααααααα·αααααααααααααα· α αΎααααααααααΆαα
ααΆααααααααααααα ααααα·αααΎαααΆαααΆααα PMIβ α
ααααααΆαααααααΎ α¬ααΎαααααααααα 50 ααΆααααααΆααΆαααα αΆαααΈααΆααααααΈα α¬ααΈαα
ααααΎααα
αααα»ααα·αααααα·ααααααααα αααα»ααααα·α ααααα·αααΎαααΆαααΆααα PMIβ α
ααααααΆααααααααααααααααα 50 αααααΆαααα αΆαααΈααΆαααααΆααα
α»ααα
αααα»ααα·αααααα·ααααααααα
βοΈ ααΆααααααΆαααααααΆαααΆααααα·αααααα ISM Non-Manufacturing Index
ααααααααα PMI αααααααΌαααΆαα
αΆαααα»αααΆααΆααΌα
ααΆααααααααα·α
αα
αααααΎααα½αααΆαααααΆαααααα»αααΆαααΆαααΆαααΈααααΆαααΆαααααααα·α
αα
ααΆααααααα αααααααΆαααααΆααααααΌααααααααΆαααα·αααααααΆααΉαααΆαα α’αΆα
αααα αΆαααΈααΆαααααΆααααααΌαααΆααααααΌααααΌααΆααα
αααα»αααααααα·α
αα
α ααΆα§ααΆα ααα αααααααααααα·ααααα ISM ααααααα»αααΎαα‘αΎαα’αΆα
αααα αΆαααΈααΆαααΎαα‘αΎαααααΆαα
αααΆαααααα’αααααααΎααααΆαα ααααΎαααααααα·α
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αα·αααΆααααααΎαααΆαααΆααααααΆααααααΆαα»αα αααααααααααααααααααΆααα
α»αααΆααααα αΆαααΈααΆαααααΆααα
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| English Version |
βοΈ Key takeaway
– ISM Non-Manufacturing Index is a widely recognized economic indicator in the United States that based on surveys of more than 400 non-manufacturing (or services) firms’ purchasing and supply executives.
– ISM Non-Manufacturing Index measures the business activity, new orders, employment, supplier deliveries, inventory levels and prices.
– How do we read PMI data
– This index is considered a leading economic indicator because changes in manufacturing activity can often signal broader shifts in the economy.
βοΈ Understand about Non-ISM Manufacturing Index
The ISM Non-Manufacturing Index, also known as the Services PMI (Purchasing Managers’ Index), is a widely recognized economic indicator in the United States that based on surveys of more than 400 non-manufacturing (or services) firms’ purchasing and supply executives. It measures the economic activity and sentiment within the non-manufacturing or services sector of the economy. This sector includes industries such as healthcare, education, finance, retail, transportation, and other services.
βοΈ What does the ISM Non-Manufacturing Index measure? And normally released by who and when it is released?
ISM Non-Manufacturing Index measures the following key components:
– Business Activity: This component reflects the level of business operations and activity within the services sector.
– New Orders: It assesses the demand for new services and indicates whether there is an increase or decrease in incoming orders.
– Employment: This component gauges changes in employment levels within the services sector.
– Supplier Deliveries: It measures the speed of supplier deliveries, which can indicate bottlenecks or changes in supply chain dynamics.
– Inventory Levels: This component provides insights into inventory management practices within the services sector.
– Prices: It assesses changes in prices for inputs and services, reflecting inflationary pressures.
The ISM Non-Manufacturing Index is released by the Institute for Supply Management (ISM), a professional association that provides data and insights related to supply management and purchasing. The index is released on a monthly basis.

βοΈ How do we read PMI data?
The ISM Manufacturing Index is calculated by compiling the survey data and converting it into an index number. A reading above 50 typically indicates expansion in the manufacturing sector, as it suggests that more survey respondents are reporting growth and improvement compared to those reporting contraction. Conversely, a reading below 50 indicates contraction in the sector.
βοΈ The Importance of Non-ISM Manufacturing Index
This index is considered a leading economic indicator because changes in manufacturing activity can often signal broader shifts in the economy. For example, a rising ISM Manufacturing Index may suggest increased consumer spending, economic growth, and potential job creation, while a falling index might indicate economic slowdown or recessionary pressures.