Non-Manufacturing ISM Report on Business
Encyclopedia
The Non-Manufacturing ISM Report on Business is a purchasing survey of the United States
service economy
, published by the Institute for Supply Management
since June 1998. Its results are a popular economic indicator and forecaster. The survey is currently written by Anthony Nieves, C.P.M., CFPM, the Senior Vice President of Supply Management for Hilton Hotels Corporation.
Its primary index is the Non-Manufacturing Business Activity Index
.
The other indices are
Business Activity, New Orders, Imports, and Employment indices are seasonally adjusted.
The report is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification
categories.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
service economy
Service economy
Service economy can refer to one or both of two recent economic developments. One is the increased importance of the service sector in industrialized economies. Services account for a higher percentage of US GDP than 20 years ago...
, published by the Institute for Supply Management
Institute for Supply Management
Founded in 1915, the Institute for Supply Management is the first supply management institute in the world.ISM is a not-for-profit educational association that serves professionals and organizations with an interest in supply management in more than 80 countries...
since June 1998. Its results are a popular economic indicator and forecaster. The survey is currently written by Anthony Nieves, C.P.M., CFPM, the Senior Vice President of Supply Management for Hilton Hotels Corporation.
Its primary index is the Non-Manufacturing Business Activity Index
Non-Manufacturing Business Activity Index
The Non-Manufacturing Business Activity Index is a seasonally adjusted index released by the Institute for Supply Management measuring business activity in the United States service economy as part of the Non-Manufacturing ISM Report on Business....
.
The other indices are
- New Orders
- Employment
- Supplier Deliveries
- Inventories
- Prices
- Backlog of Orders
- New Export Orders
- Imports
- Inventory Sentiment
Business Activity, New Orders, Imports, and Employment indices are seasonally adjusted.
The report is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification
Standard Industrial Classification
The Standard Industrial Classification is a United States government system for classifying industries by a four-digit code. Established in 1937, it is being supplanted by the six-digit North American Industry Classification System , which was released in 1997; however certain government...
categories.