ISM Manufacturing PMI
ISM 제조업 PMI
1. Definition
The Institute for Supply Management's monthly Manufacturing Purchasing Managers' Index. Aggregated from surveys of 400+ corporate purchasing managers. 50 is the threshold: above = expansion, below = contraction.
2. Reading Guide
Sub-50 readings *sustained for 3+ months* signal late-cycle or recession risk. Single-month moves are noise. Always read the trend.
3. ETF Trading Implications
Sustained sub-50 → raise defensives (XLV, XLP, ITA). Recovery above 50 → cyclicals (XLI, XLB) become buy candidates.
4. Related ETFs
6. Frequently Asked Questions
Q. Does sub-50 PMI always mean recession?▼
No. Sub-50 only signals *manufacturing contraction*. Combined with services PMI also declining *for 3+ months*, recession probability rises. A single-month reading is noise.
Q. When is it released?▼
First business day of each month, 10:00 AM ET (around 23:00 KST same day or 0:00 KST next day).
Source · License
Source: Institute for Supply Management (ISM)
License: 공개 발표 자료 (월 1회)