Purchasing Managers Index


A popular index released in Manufacturing ISM Report by the Institute for Supply Management on the first of the month. The index reflects percentage of purchasing managers that reported better business conditions compared to the previous month. A reading above 50% indicates expansion in manufacturing 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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