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

Economy

Economic Data (USA)

Monday, October 01, 2012

ISM Manufacturing Index for September 2012

Earlier today, the Institute for Supply Management (ISM) released their Purchasing Manager's Index (PMI) for September 2012:

Predicted: 49.7%
Actual: 51.5%

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who 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: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the manufacturing sector contracted.

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

For August 2012, the PMI was 49.6%.

Click here to view the complete ISM report.

Labels: , , ,


--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <

0 Comments:

Post a Comment

<< Home


bing

bing


SCAMS!

FedPrimeRate.com
Entire Website © 2024 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.