.comment-link {margin-left:.6em;}


Economic Data (USA)

Monday, October 01, 2007

ISM Manufacturing Index for September, 2007

Earlier today, the Institute for Supply Management (ISM) released their Purchasing Manager's Index (PMI) for September, 2007:

Predicted: 52.9%
Actual: 52.0%

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country that are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: when the PMI is above 50%, U.S. manufacturing is expanding; when it's below 50%, the manufacturing sector is contracting.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Last month, the PMI was 52.9.

Click here to view the complete ISM report.

Labels: , , ,



Post a Comment

<< Home

Entire Website © 2021 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.