ISM Manufacturing & Services Indexes (ISM) — FX Impact, Latest News & FAQ
The Institute for Supply Management (ISM) publishes two purchasing-manager indexes that are uniquely market-moving for the US dollar: ISM Manufacturing on the first business day of each month at 14:00 UTC, and ISM Services on the third busi…
About ISM Manufacturing & Services Indexes
The Institute for Supply Management (ISM) publishes two purchasing-manager indexes that are uniquely market-moving for the US dollar: ISM Manufacturing on the first business day of each month at 14:00 UTC, and ISM Services on the third business day at 14:00 UTC. Both use the same diffusion-index format as flash PMI (>50 expansion, <50 contraction) but have a longer history (ISM Manufacturing dates to 1948) and historically tighter correlation with US GDP than the S&P Global PMI. The Prices Paid sub-index inside ISM Manufacturing is a closely-watched leading indicator for CPI. Surprises on either ISM headline routinely move EUR/USD 50-100 pips and USD/JPY 80-150 pips. NewFXT covers every ISM release with live quote impact, AI commentary and calendar context.
Most affected FX pairs
ISM FAQ
What is ISM?
The Institute for Supply Management. It publishes two monthly diffusion indexes — ISM Manufacturing and ISM Services — that gauge US business activity. Reading above 50 indicates expansion; below 50 indicates contraction.
When are ISM Manufacturing and Services released?
ISM Manufacturing comes out on the first business day of each month at 14:00 UTC; ISM Services follows two business days later, also at 14:00 UTC.
How is ISM different from S&P Global PMI?
They use the same methodology but different survey panels. ISM has a much longer history (1948 vs 2007 for the S&P US series) and historically tighter correlation with US GDP. Both are market-moving but ISM tends to drive the larger reaction.