Institute of Supply Management (ISM) Finance Definition
A trade association based in Tempe,
Arizona that is best known for its monthly forecast of index of manufacturing
activity, the ISM Index, which is widely watched by the financial markets to
gauge how the nations economy is performing. The Institute also produces a
less widely known report that tracks non-manufacturing activity. ISM used to be
known as the National Association of Purchasing Management (NAPM).
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