My Account | How to Invest  
This page is hosted on the fund section of Merk Funds
Home > The Merk Perspective > Glossary > ISM Non-Manufacturing Composite

What is ISM Non-Manufacturing Composite?
The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade. Beginning with the January 2008 report, a new composite index was made public and is now the headline number. It is considered an indicator of the overall economic conditions for the non-manufacturing sector and consists of four equally weighted indexes: business activity, new orders, employment, and supplier deliveries.