Real-time tracking of Institute for Supply Management (ISM) Purchasing Managers' Index data. PMI readings above 50 indicate expansion, below 50 indicate contraction. These leading indicators provide early signals of economic activity in manufacturing and services sectors.
Reading the Data: The ISM Manufacturing and Services PMI are diffusion indexes based on monthly surveys. A reading above 50 indicates the sector is generally expanding, below 50 indicates contraction. Component indicators (New Orders, Production, Employment) provide deeper insight into sector momentum and future trends.