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The ISM Non-Manufacturing Prices Index is a component of the Institute for Supply Management's (ISM) Non-Manufacturing Report on Business, which provides a monthly snapshot of economic activity in the services sector of the U.S. economy. The Prices Index specifically measures the change in prices for non-manufacturing goods and services, such as those in the retail, finance, health care, and construction sectors. This index is based on a survey of purchasing and supply executives in these industries, who are asked to report any changes in prices for the goods and services they purchase.
The Prices Index is important because it provides insight into inflationary pressures in the non-manufacturing sector, which accounts for the majority of economic activity in the United States. Rising prices in this sector can indicate inflationary pressures that may eventually spill over into the broader economy, potentially leading to higher interest rates and slower economic growth.
ADP Employment Change NEXT:4-Dec-2024 |
Average Hourly Earnings NEXT:6-Dec-2024 |
Average Weekly Hours NEXT:6-Dec-2024 |
Budget Balance NEXT:13-Nov-2024 |
Building Permits NEXT:19-Nov-2024 |
Business Inventories / Sales Ratio NEXT:15-Nov-2024 |
Business Inventories m/m NEXT:15-Nov-2024 |
Business Inventories y/y NEXT:15-Nov-2024 |
Business Sales m/m NEXT:15-Nov-2024 |
Business Sales y/y NEXT:15-Nov-2024 |
Capacity Utilization Rate m/m NEXT:15-Nov-2024 |
Capital Account Balance NEXT:18-Dec-2024 |
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