Non-Manufacturing Index

Definition:

The primary index released in Non-Manufacturing ISM Report on Business by the Institute for Supply Management on monthly basis. The index is seasonally adjusted and measures business activity in the US service economy. Service sector (non-manufacturing) accounts for approximately 80% of US economy. A reading above 50% indicates expansion of services sector; below 50% indicates the sector's contraction.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Money market

Money markets are for borrowing and lending money for three years or less. The securities in a money market can be U.S.government bonds, Treasury bills and commercial paper from banks and companies.

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