| Purchasing Managers Index |
| By Bankrate.com |
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This week |
Month ago |
Year ago |
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Purchasing Managers Index
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54.1 |
53.9 |
60.8 |
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What it means:
Released each month by the Institute for Supply Management, the ISM
Purchasing Manager's Index is a gauge of conditions in the manufacturing
sector of the economy.
How it's used:
A reading above 50 indicates expansion in the manufacturing sector,
while a reading below 50 indicates contraction. Changes in the manufacturing
sector are a barometer for aggregate demand and can indicate a pickup
or slowdown in overall economic conditions.
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