Institute of Supply Management

Institute of Supply Management definition - finance
A trade association based in Tempe, Arizona that is best known for its monthly forecast of index of manufacturing activity, the ISM Index, which is widely watched by the financial markets to gauge how the nationÂ’s economy is performing. The Institute also produces a less widely known report that tracks non-manufacturing activity. ISM used to be known as the National Association of Purchasing Management (NAPM).

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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