Economic EventISM Services Index
Current PeriodDec 2012
Release DateJan. 04. 13
Consensus for Current Period54.5
Number of Forecasts4
Economic Surprise1.6 ( 2.94 % )
Prior PeriodNov 2012
Reported Value for Prior Period54.7
Revised From 
Next Release DateFeb. 05. 13
Next Release Time10:00 AM Eastern Time
DescriptionAlso known as Non-Manufacturing ISM, this index is based on a survey of about 370 purchasing executives in industries of finance, insurance, real estate, communications, and utilities. It reports business activity in the service sector. Readings above 50% indicate expansion for the non-manufacturing components of the economy. While readings below 50% indicate contraction. The is a new index created in 1997, so it’s not followed as closely as the ISM Manufacturing Index, which dates back to the 1940s. Empirical work has shown that significant surprises in the ISM Index are correlated with stock price movements.
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