ISM NON-MANUFACTURING SURVEY

Definition

An attentive forex broker or trader will always be looking for reliable economic indicators. One such indicator is the ISM Non-Manufacturing Survey, which presents a detailed view of the economy from a non-manufacturing viewpoint. The survey is administered to 375 purchasing executives working in non-manufacturing industries throughout the nation. The report itself provides information about new orders, index percentages, and employment index percentages. Data is compared to the previous month in an effort to show change or predictors currently present in the economy. Though it’s not an Earth shattering report in the world of forex trading, it does hold some significance.

FX Trading Importance

Still, the ISM Non-Manufacturing Survey is not considered to be a definite indicator of the market’s future behavior. Individuals involved with forex trading should use the Initial Jobless Claims report in conjunction with other tools that rate risks and trends.