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ISM Manufacturing Report on Business

definition

A monthly report based on a national survey of purchasing managers that tracks month-over-month changes in new orders, production, employment, supplier delivers and inventories for the manufacturing sector. The resulting Purchasing Manager's Index (PMI) establishes the neutral point at 50 percent. Anything above that number represents growth and anything below it represents a decline in the index. The report is released on the first day of the month and is based on data from the prior month, making it the first comprehensive manufacturing data available each month. The ISM report on manufacturing is available at a number of financial information Web sites and at www.ism.ws.