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ISM MANUFACTURING SURVEY
Definition
Individuals involved with forex trading use many economic indicators in an attempt to better understand and predict the fluctuations of the market. The ISM Manufacturing Survey is considered to be a very important economic indicator in determining FX trading market behavior.
The ISM Manufacturing Survey reports details about the manufacturing sector of the economy.
Forex Trading Importance
Because the ISM Manufacturing Survey provides information about the manufacturing sector of the economy, a good forex broker or trader will consider it to be a strong indicator of future movement in the foreign exchange market.
This report is also the fist for the month to provide economic indicators and helps to define risk, which is useful for FX trading.
ISM Manufacturing Survey Source
The report is published by the Institute for Supply Management.
ISM Manufacturing Survey Frequency
The ISM releases its Manufacturing Survey on the first business day after the close of the month.