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2008 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade. Financial market players monitor the business activity index, because a composite index, like its manufacturing cousin, is not compiled by the ISM. Why Investors Care
| Released on 3/3/05 For Feb 2005 | ||||||||||
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Highlights
The ISM's non-manufacturing business activity index moved higher in February to 59.8, once again edging back up toward 60 and compared with 59.2 in January.
New orders (61.6 vs. 60.5) showed gains as did backlog orders (51.5 vs. 48.0), both pointing to strong activity in the months ahead.
Employment soared in the month to 59.6 from 52.2 in January. The reading is a record and may weigh, though there was no initial price movement, on the bond market through the day.
Prices paid continued to show stubborn month-to-month pressure, at 66.4 in February vs. 66.6 in January.
Thursday's data are very strong and will quiet concern that the report was heading into a stage of decreasing month-to-month growth.
With Alan Greenspan speaking and the jobs report looming for tomorrow, the markets showed no immediate reaction to the report.
The business activity index from the ISM non-manufacturing survey fell several points in January to 59.2 after increasing steadily through the second half of 2004 and reaching 63.9 in December. On the whole, the index remains at relatively high levels suggesting business activity is healthy.
ISM manufacturing index Consensus Forecast for Feb 05: 60
Range: 57 to 61
![[Chart]](chart.gif)
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The ISM non-manufacturing survey does not compile a composite index like its manufacturing cousin. The business activity index, which is actually akin to the production index in the manufacturing survey, is widely followed as the key figure from this survey. |
| 2005 Release Schedule | ||||||||||||||||||||||||||
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