US ISM Manufacturing Prices
Track US ISM Manufacturing Prices to gauge inflation trends, vital for Forex and equity markets.
Overview
This is a primary indicator of consumer inflation; when businesses incur higher costs for goods and services, these increased expenses are typically passed on to consumers. While it is a part of the PMI, it is reported separately as an indicator of inflation. A reading above 50.0 signals rising prices, while a reading below indicates falling prices.
Key Information
What it Measures
It reflects the level of a diffusion index derived from surveys of purchasing managers within the manufacturing sector.
Usual Effect
When 'Actual' figures exceed 'Forecast' numbers, it is considered favorable for the currency.
Source & Frequency
Institute for Supply Management (latest release) - https://www.ismworld.org/ • This data is released monthly, on the first business day of the month following the month being reported.
How Data is Derived
Survey of about 300 purchasing managers which asks respondents to rate the relative level of prices paid for goods and services
Also Known As
Manufacturing Prices Paid
Acronym
The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI)