ISM

The Institute for Supply Management (ISM) releases its Purchasing Managers Index (PMI). It is a survey asking the largest 300 US Manufacturing companies in the United States operations relating to their business activity in the previous month. ISM Manufacturing is one of the most important leading macroeconomic indicators used to monitor the US economy. ISM readings above 50 indicate a growing economy and possibly predict GDP growth in the next 12-18 months and vice-versa.

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