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Economic Calendar
Friday, 3 April
The S&P Global Composite PMI (Purchasing Managers' Index) is an economic calendar event that provides a comprehensive, forward-looking insight into the performance of the global economy. This event measures the activity level of purchasing managers in the private sector across various industries, including manufacturing and services. The data is collected through surveys conducted by IHS Markit, a leading provider of global market and economic information.
A PMI reading above 50 indicates expansion in the surveyed business sector, while a reading below 50 signifies contraction. The index is widely regarded as a reliable barometer of global economic health, as it offers a timely and accurate assessment of business conditions and purchasing trends. Investors, policymakers, and analysts closely monitor this event to gauge the overall strength of the economy and predict future growth patterns.
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
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The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The CFTC Corn Speculative Net Positions report is an economic calendar event for the United States that provides insights into the positions held by various market participants in the corn futures market. The data is gathered and released by the Commodity Futures Trading Commission (CFTC). The report gives an indication of the level of bullishness or bearishness among traders, as well as their sentiments towards the corn market.
The CFTC releases its Commitments of Traders (COT) report on a weekly basis, outlining the net long and short positions taken by speculators, such as hedge funds and individual traders, as well as commercial hedgers, in various commodity markets. The CFTC Corn Speculative Net Positions specifically focuses on the corn market, providing valuable information about the overall market sentiment and potential future price movements.
Investors and traders often monitor the CFTC Corn Speculative Net Positions to identify trends and potential shifts in market sentiment, as changes in net positions can signal potential price movements in corn futures. A significant increase in net long positions can indicate bullish sentiment, while a substantial increase in net short positions can signal bearish sentiment.
The CFTC Crude Oil Speculative Net Positions report is a weekly publication by the Commodity Futures Trading Commission (CFTC) in the United States. The report provides insights into the positions held by various market participants, including commercial traders, non-commercial traders, and non-reportable traders. The data is derived from the Commitment of Traders (COT) reports and serves as an essential tool for traders to gauge market sentiment in crude oil futures.
This economic calendar event is important for traders and investors as it reveals the overall market positioning and sheds light on the potential changes in supply or demand. Changes in speculative net positions may influence the crude oil prices, either directly or indirectly, by affecting the market sentiment and the perception of future price trends.
Traders and investors typically monitor the CFTC Crude Oil Speculative Net Positions report to identify trends and potential turning points in the crude oil market. By analyzing the shifts in speculative positioning, market participants can make informed trading decisions and adjust their strategies accordingly.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The CFTC Nasdaq 100 Speculative Net Positions event is an economic indicator released weekly by the Commodity Futures Trading Commission (CFTC). The data provides insight into the sentiment of institutional investors and speculators in the U.S. stock market, specifically focusing on the Nasdaq 100 Index.
Speculative positions, both long (buy) and short (sell), are reported based on the trading activities of hedge funds, money managers, and other speculative investors. The net position equals the difference between the long and short positions reported by the CFTC. A positive net position indicates that speculative investors are bullish and expect market prices to rise, while a negative net position signifies that they are bearish and anticipate a market decline.
Market participants use this information to gauge investor sentiment, which can help in making informed decisions in the stock market. It is important to note that the data is mainly intended to provide a snapshot of market sentiment and may not necessarily reflect future price movements of the Nasdaq 100 Index.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The CFTC Soybeans Speculative Net Positions is an economic calendar event that represents the weekly data of the net positions held by speculative traders in the soybean futures market. This report, published by the U.S. Commodity Futures Trading Commission (CFTC), is used by market participants to gain insights into market sentiment and potential future price movements of soybeans.
Net positions are the difference between long (buy) and short (sell) positions held by speculative traders. A higher net position indicates a bullish sentiment, suggesting that traders anticipate higher prices for soybeans in the future, while a lower net position implies a bearish sentiment, signaling an expectation of falling prices. Monitoring changes in the CFTC Soybeans Speculative Net Positions can provide valuable insights into the market dynamics and potential trends for soybean prices, which are essential for businesses, investors, and traders alike.
The CFTC Wheat Speculative Net Positions report is a weekly publication by the Commodity Futures Trading Commission (CFTC). It provides insights into the net positions held by speculative traders, including hedge funds and large individual investors, in the wheat futures market. This data serves as a valuable indicator of the overall sentiment and potential future price movements in the wheat market.
Speculative net positions are calculated by subtracting the total number of short positions (bets on falling prices) from the total number of long positions (bets on rising prices) held by speculative traders. A positive net position reflects a bullish sentiment, while a negative net position indicates a bearish sentiment in the market.
Traders and investors use this report to gauge potential trends and price movements in the wheat futures market. Significant changes in speculative net positions can signal shifts in market sentiment and prompt corresponding reactions in wheat prices. However, it is crucial to consider other fundamental factors and technical indicators when utilizing this data to make informed trading decisions.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ""non-commercial"" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for "non-commercial" (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use the data to help them decide whether or not to take a long or short position. Commitments of Traders (COT) data is released each Friday at 3:30pm Eastern Time, pending a holiday in the U.S., to reflect the commitments of traders on the prior Tuesday.
Sunday, 5 April
The Riyad Bank Composite Purchasing Managers' Index (PMI) provides a reflection of the economic health of the non-oil private sector in Saudi Arabia. It is a composite index derived from monthly surveys of private sector companies covering areas such as new orders, production, employment, supplier deliveries, and inventories. A PMI above 50 indicates expansion in the non-oil private sector, while a reading below 50 indicates contraction. The index is widely monitored by economists, policymakers, and investors as it is considered a leading indicator of economic activity and business conditions in Saudi Arabia's non-oil sectors. The PMI is crucial for identifying trends in the economy, informing decision-making, and providing insights into future economic performance.
Monday, 6 April
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher than expected reading should be taken as positive/bullish for the VND, while a lower than expected reading should be taken as negative/bearish for the VND.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher than expected reading should be taken as positive/bullish for the VND, while a lower than expected reading should be taken as negative/bearish for the VND.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. A higher than expected reading should be taken as positive/bullish for the VND, while a lower than expected reading should be taken as negative/bearish for the VND.
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
A higher than expected reading should be taken as positive/bullish for the VND, while a lower than expected reading should be taken as negative/bearish for the VND.
The Vietnamese Foreign Direct Investment (FDI) event, measured in US dollars, represents the inflow of investment from foreign entities into the Vietnamese economy. FDI is an essential factor for the development of infrastructure, technology, and overall economic growth in Vietnam.
A higher FDI amount in the economic calendar symbolizes a positive outlook on the nation's economic prospects and business environment, indicating growing confidence from foreign investors. An increase in FDI often leads to job creation and economic expansion in Vietnam.
On the other hand, a decrease in FDI can be a sign of concern for the country's economic health, as it may be indicative of reduced foreign investor confidence and potential stagnation in the country's development. As a result, tracking changes in Vietnam's FDI is crucial for investors and policymakers to gauge the overall economic performance and investment climate of the nation.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. A higher than expected reading should be taken as positive/bullish for the VND, while a lower than expected reading should be taken as negative/bearish for the VND.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. A higher than expected reading should be taken as positive/bullish for the VND, while a lower than expected reading should be taken as negative/bearish for the VND.
The HSBC India Services Purchasing Managers' Index (PMI) is a critical indicator that measures the performance of the services sector in India. Compiled by IHS Markit, this PMI is based on monthly surveys of executives in over 400 private service sector companies and reflects business conditions in the sector. A figure above 50 indicates expansion, while a figure below 50 indicates contraction.
This index provides insights into business activity, new business, employment, input prices, and output prices, offering a comprehensive overview of the economic health of the services sector, which is vital as it constitutes a significant part of India's GDP. Analysts, policymakers, and investors closely monitor the Services PMI as it helps in understanding economic trends and making informed decisions.
The HSBC Manufacturing & Services Purchasing Managers’ Index (PMI) is a composite indicator that tracks business conditions in India’s manufacturing and services sectors. It is based on monthly surveys of purchasing managers covering variables such as output, new orders, employment, input costs, and delivery times.
A reading above 50 indicates expansion compared with the previous month, while a reading below 50 signals contraction. Because it is forward-looking and survey-based, the index is widely used to gauge short-term momentum in overall economic activity, help assess demand conditions, and anticipate potential changes in employment and inflationary pressures across India’s real economy.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
A higher than expected reading should be taken as positive/bullish for the SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
A higher than expected reading should be taken as positive/bullish for the SGD, while a lower than expected reading should be taken as negative/bearish for the SGD.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
Spanish Unemployment Change measures the change in the number of unemployed people during the previous month. A higher than expected reading should be taken as negative/bearish for the EUR, while lower than expected reading should be taken as positive/bullish for the EUR.
Total of a country's gold holdings and convertible foreign currencies held in its central bank. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs).A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.
The Focus Market Report provides weekly mean market expectations for inflation over following month, 12 months, and following year as well as expectations for Selic target rate, real GDP growth, net public sector debt/GDP, industrial production growth, current account, and trade balance, collected from over 130 banks, brokers, and funds managers.
This consists of additions to the assets of producers of tangible reproducible goods which have an expected lifetime of use of one year or more. The producers in question may be industries, producers of Government services and producers of private non-profit services to household. The capital goods may be purchased or produced on own account. Sales less purchases of second-hand fixed assets and sales of scrapped fixed assets by producers should be deducted from gross fixed capital formation. Gross Capital formation consists of; Gross Fixed Capital Formation= Aquisition less disposals of fixed assets + Improvements to land AND Inventories=Finished Goods, Materials/Fuel, Work in Progress AND Valuables= Goods of value not used in consumption or production
This consists of additions to the assets of producers of tangible reproducible goods which have an expected lifetime of use of one year or more. The producers in question may be industries, producers of Government services and producers of private non-profit services to household. The capital goods may be purchased or produced on own account. Sales less purchases of second-hand fixed assets and sales of scrapped fixed assets by producers should be deducted from gross fixed capital formation. Gross Capital formation consists of; Gross Fixed Capital Formation= Aquisition less disposals of fixed assets + Improvements to land AND Inventories=Finished Goods, Materials/Fuel, Work in Progress AND Valuables= Goods of value not used in consumption or production
The S&P Global Composite Purchasing Managers' Index (PMI) is a leading economic indicator that measures the overall business climate in Brazil. It is derived from a survey of top-level executives in both manufacturing and service sectors. The most crucial aspect of this index is the confidence that executives have in the future of their industries.
A PMI reading above 50 indicates that economic activity and overall business conditions are expanding, while a reading below 50 suggests a contraction. This index is widely regarded as a reliable indicator of future economic activity and performance because it takes into account the high-level perspectives of key decision-makers operating at the forefront of Brazil's economy.
Investors and economists closely monitor the S&P Global Composite PMI for insights into emerging trends and potential shifts in Brazil's economic landscape. This data can influence market sentiment, investment decisions, and monetary policy.
The Purchasing Managers Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI.
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.
French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.
French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.
French BTF bills have maturities of up to 1 year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
The yield on the BTF represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry's contribution to Gross Domestic Product (GDP). Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment, and Supplier Deliveries), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction (higher and slower for Supplier Deliveries) and the negative economic direction (lower and faster for Supplier Deliveries). Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Imports, and Employment. The remaining indexes have not indicated significant seasonality.
The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP).
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP).
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
