ISM services index
ISM services index
It is the result of survey of nonmaterial sphere managers released as an index with a maximum value of 100. If the index value goes below a level of 45-50 units it means that the sector is weakening and the pace of its development has decreased. As the index is based on a survey it may be affected by some psychological aspects and its value may reflect the manager's moods and feelings but not the real state of affairs. Loss of perspective due to exptreme's of mood is often represented by sharp changes in the index although true changes normally occur much more gradually in this sector as it is connected with people's consuming processes. This factor has a moderate influence on the Forex market (it is important to differentiate psychological jumps from real rising and falling trends). The rise of the index leads to the rise if the US dollar. It is published monthly; a day after the NAMP is released at 10:00 EST (New York).
