Economic EventISM Manufacturing Index
Current PeriodJan 2013
Release DateFeb. 01. 13
Consensus for Current Period50.4
Number of Forecasts60
Economic Surprise2.7 ( 5.36 % )
Prior PeriodDec 2012
Reported Value for Prior Period50.7
Revised From 
Next Release DateMar. 01. 13
Next Release Time10:00 AM Eastern Time
DescriptionThe ISM Manufacturing Index is based on surveys of 300 purchasing managers nationwide representing 20 industries regarding manufacturing activity. It's condidered as the king of all manufacturing indices. It covers indicators as new orders, production, employment, inventories, delivery times, prices, export orders, and import orders. A figure below 40 is traditionally recognized as indicating a recession in the economy as a whole while a reading above 65 indicates strong growth. A strong figure is positive for the US currency, although investors will want consistently high figures across all sectors. Empirical work has shown that significant surprises in the ISM Index are correlated with stock price movements.
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