The Purchasing Managers Index (PMI)

PMI measures how well the manufacturing sector is doing. PMI’s index is based on five major indicators: new orders, inventory levels, production, supplier deliveries, and employment.

Released By: Institute for Supply Management (ISM) – Formerly the National Association of Purchasing Managers (NAPM) the first business day of the month, 10:00am EST. The markets usually react as follows:

Fixed Income:

NAPM up = Bond Market down NAPM down = Bond Market up


NAPM up = Stock Market up NAPM down = Stock Market down


NAPM up = Dollar up NAPM down = Dollar down