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Economics

ISM

Institute for Supply Management — publishes US manufacturing and services PMI surveys.

In depth

ISM Manufacturing PMI is one of the most-watched US economic indicators. New orders, employment, and prices-paid sub-indices provide forward-looking insights. ISM below 48 has historically signaled recession risk.

Frequently asked about ISM

What is ISM?

Institute for Supply Management — publishes US manufacturing and services PMI surveys. ISM Manufacturing PMI is one of the most-watched US economic indicators. New orders, employment, and prices-paid sub-indices provide forward-looking insights. ISM below 48 has historically signaled recession risk.

Why does ISM matter for investors?

In economics, ISM is one of the building blocks investors use to compare opportunities and assess risk. Understanding it helps you read research notes, earnings reports, and market commentary without getting lost in jargon.

How is ISM used in practice?

ISM Manufacturing PMI is one of the most-watched US economic indicators. New orders, employment, and prices-paid sub-indices provide forward-looking insights.

Recent news mentioning ISM

S&P 500 & Nasdaq 100 Hit Record Highs on AI Optimism and Strong Earnings

The Quick Take * S&P 500 rose +0.17% and Nasdaq 100 gained +0.06%, both reaching new all-time record highs on May 11, 2026 * Dow Jones Industrial Average added +0.10%, with June E-mini S&P futures up +0.19% signalling continued momentum * Dual catalysts of AI-powered earnings results and broader tech optimism credited for driving the record-breaking session * Futures market pricing suggests sustained bullish momentum heading into the next trading session * Record US equity highs driven by

May 15, 2026

Saudi Arabia Named Largest, Fastest-Growing Tourism Market in MENA: WTTC

The Quick Take * WTTC confirms Saudi Arabia is the largest and fastest-growing travel & tourism market in the MENA region * No specific stock or index price movement data provided in available coverage * Saudi Tourism Authority cited WTTC findings, signalling official endorsement of growth trajectory * Domestic travel surge alongside international recognition points to sustained tourism investment ahead * India/Asia angle: Indian outbound travel to Saudi and hospitality sector firms may se

May 15, 2026

Australia Royal Commission Exposes Depth of Antisemitism in Week-One Hearings

The Quick Take * Australia's Royal Commission on Antisemitism held its first week of hearings featuring anonymous witness testimony * No direct market reaction data available; event is regulatory/social policy in nature with no immediate price impact * No institutional or analyst financial response reported; coverage limited to single Tier-1 source * Commission hearings are ongoing; further testimony and findings expected in coming weeks * No direct cross-market or Asia/global financial an

May 14, 2026

Sydney could unlock $3bn in tourism revenue by promoting cultural hubs

The Quick Take * Committee for Sydney report identifies $3bn opportunity by expanding city's brand beyond iconic landmarks * No immediate market or stock price reaction reported; story is a policy/strategy recommendation * Urban think tank recommends highlighting cultural hubs and festivals to attract increased investment * Report signals potential policy push to diversify Sydney tourism strategy ahead of future investment cycles * Asia-Pacific tourism competition intensifies as rival citi

May 14, 2026

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