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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 9/6/05 For Aug 2005 | ||||||||||
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Highlights
The ISM's non-manufacturing for August, which does not reflect the effects of Hurricane Katrina that first hit at month-end, rose sharply to 65.0 from 60.5 (data for the survey are collected at mid-month). August's reading is the highest since the spring of 2004 and is the second highest on record.
New orders rose sharply to 65.8 from 61.9, and employment rose to 59.6 from 56.2. These readings suggest that momentum was building heading into Katrina, a plus for the economic outlook as the nation recovers from the storm.
Bonds did dip slightly in initial reaction to the data, but focus in the markets will remain on oil prices and the approach of economic data for September.
The business activity index from the ISM non-manufacturing survey declined in July to 60.5 after increasing to 62.5 in June. The non-manufacturing sector has shown stronger economic activity in the past several months than the manufacturing sector, but it appears to be moderating too.
Business activity index Consensus Forecast for Aug 05: 59.5 Range: 57 to 62
![[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. |
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