ISM Non-Manufacturing Survey

Definition

An attentive forex broker or trader will always be looking for reliable economic indicators. One such indicator is the ISM Non-Manufacturing Survey, which presents a detailed view of the economy from a non-manufacturing viewpoint. The survey is administered to 375 purchasing executives working in non-manufacturing industries throughout the nation. The report itself provides information about new orders, index percentages, and employment index percentages. Data is compared to the previous month in an effort to show change or predictors currently present in the economy. Though it’s not an Earth shattering report in the world of forex trading, it does hold some significance.

FX Trading Importance

Still, the ISM Non-Manufacturing Survey is not considered to be a definite indicator of the market’s future behavior. Individuals involved with forex trading should use the Initial Jobless Claims report in conjunction with other tools that rate risks and trends.

ISM Non-Manufacturing Survey Source

The report is compiled by the Institute for Supply Management.

ISM Non-Manufacturing Survey Availability

Reports can be found online at http://ism.ws/.

ISM Non-Manufacturing Survey Frequency

The ISM releases its report on the third business day of the month following its close.

For more basic info on common FX trading indicators, check out our additional resource pages, where you’ll find general info on other related indicators such as the Ivey Purchasing Managers Index, basic leading indicators and the New Home Sales report.