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Index Indicating Non-Manufacturing Sentiment in the US

Country:
USDUnited States
Importance:
★★★
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About Index Indicating Non-Manufacturing Sentiment in the US

The ISM Non-Manufacturing Index (Composite) is an indicator used to assess economic activity in the non-manufacturing sector of the United States. This data is published monthly by the Institute for Supply Management (ISM) and is derived from a survey of purchasing managers nationwide.

The index uses 50 as a benchmark; a value above 50 indicates expansion in the non-manufacturing sector, while a value below 50 indicates contraction. The ISM Non-Manufacturing Index consists of four major components: new orders, business activity, employment, and supplier deliveries. It is considered a leading indicator of the US economy.

This data serves as a reference for policymakers to evaluate trends in the non-manufacturing sector and formulate appropriate economic policies. It is also a crucial information source for businesses and investors to assess trends in non-manufacturing and economic outlooks.

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