Non-Manufacturing Index


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

Term of the Day

Nonparallel shift in the yield curve

A shift in the yield curve in which yields do not change by the same number of basis points for every maturity. Related: Parallel shift in the yield curve.

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