This index is characterized by an extreme influence on the market and neither traders, nor market analysists and financial experts leave it out in the cold. The index of business activity in the field of services is also that important, since its indicator is the result of public surveys conducted among specialists who find themselves in the amidst of the market and who see it from the inside and participate in it.
The monthly survey in Supply Services is conducted by the Institute for Supply Management (ISM). 400 surveyed are the representatives of different fields of business (finance, life and property insurance, sales, education, real estate, etc). They are asked about the current business conditions, volumes of orders, price levels, product stock levels, etc. The result of the survey is reflected in percentage and subdivided accordingly.
The report on ISM is published every 3rd day of the month proceeding the financial month. The exact time is 10.00 EET (Eastern European Time). Traders may find the report on the ISM web-site — www.instituteforsupplymanagement.org or in feeds of such news agencies as Bloomberg, Thomas Reuters and others.
Much does the business sector know about all the changes that happen inside the market. Specialists in Forex all as one call Supply Managers the connoisseurs of the country’s economy, prospects and expectations. As a result ISM Services Index is considered to be a most accurate leading index of country’s economic health.
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