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ISM Services Index
By: Crown Forex - 05-02-2008
0votesPrevious: 54.4
Forecast: 53.0
Definition
A national non-manufacturing index based on a survey of roughly 370 purchasing executives in industries including finance, insurance and real-estate (or FIRE), communications and utilities. This sister of the Purchasing Managers' Index measures service-sector activity. It is issued monthly by Institute for Supply Management.
General Effect
The importance Level of ISM services index is supposed to be moderate, because it indicates consumers' willingness level to invest their money in the business and services sector; therefore if this index reading headway then its mean increasing consumer demand on different available services ,which on other hand is explained by rising consumers' confidence in current economic conditions. So the after effect of all those changes stimulates the economic situation according to increasing the money supply that creates an up ward pressure on the local currency value.In respect of the ISM services impact on the stock market it's worth mentioning, concerning the fact that the huge demand on different services place a positive effect on investments environment for the entire companies in the services sector, which creates a significant movements on stock indexes and starts to move them ahead, then the stock market prospers generally.
Next Analysis: Mixed Movements... Between Among MetalsContent Provided by:
Crown Forex
CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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