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ISM Non-Mfg Survey
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Released on 7/3/08 For Jun 2008 Composite Index - Level
Consensus 51.0 *Actual* *48.2 * 2008 Release Schedule *Released On:*
1/4<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/01/index.html>
2/5<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/02/index.html>
3/5<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/03/index.html>
4/3<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/04/index.html>
5/5<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/05/index.html>
6/4<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/06/index.html>
7/3<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/07/index.html>
8/5<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/08/index.html>
9/4<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/09/index.html>
10/3<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/10/index.html>
11/5<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/11/index.html>
12/3<http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/12/index.html>
*Released For:* Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Definition
The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across
the United States, including agriculture, mining, construction,
transportation, communications, wholesale trade and retail trade. Beginning
with the January 2008 report, a new composite index was made public and is
now the headline number. It is considered an indicator of the overall
economic conditions for the non-manufacturing sector and consists of four
equally weighted indexes: business activity, new orders, employment, and
supplier deliveries. Why Do Investors Care?
Investors need to keep their fingers on the pulse of the economy because it
dictates how various types of investments will perform. By tracking economic
data like the ISM non-manufacturing survey's business activity index,
investors will know what the economic backdrop is for the various markets.
The stock market likes to see healthy economic growth because that
translates to higher corporate profits. The bond market prefers less rapid
growth and is extremely sensitive to whether the economy is growing too
quickly-and causing potential inflationary pressures.
The ISM manufacturing index has a long history - dating to the 1940s. This
new report (beginning in 1998) was originally not adjusted for seasonal
variation, but the ISM has since established seasonally adjusted figures for
several of the ISM non-manufacturing components (including the business
activity index) since 2002 and a composite index starting in 2008. As a
result, the ISM non-manufacturing survey has garnered more attention and is
almost as widely followed by financial market participants as its
manufacturing cousin.
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