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Purchasing Managers Index

GDP, CPI and other key economic reports Updated: 2023-03-28
  This Week Month Ago Year Ago
Purchasing Managers Index 47.7 47.4 58.6

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.