Economic EventISM Manufacturing Index
UnitsIndex
Current PeriodFeb 2013
Release DateMar. 01. 13
Reported54.2
Consensus for Current Period52.6
Number of Forecasts63
Economic Surprise1.6 ( 3.04 % )
Prior PeriodJan 2013
Reported Value for Prior Period53.1
Revised From 
Next Release DateApr. 01. 13
Next Release Time10:00 AM Eastern Time
Source http://www.ism.ws/ISMReport/MfgROB.cfm?navItemNumber=12942
Note 
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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