The ”US - ISM Non-Manufacturing Index (NMI),“ published monthly by the Institute for Supply Management (ISM), gauges activity levels in the U.S. non-manufacturing sector, encompassing industries such as food services, retail, finance, and real estate.
The NMI serves as a key indicator of business activity and economic performance within these sectors, essential for evaluating the overall health of the economy. A reading above 50 signifies expansion in non-manufacturing activity, while a reading below 50 indicates contraction.
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