The index is calculated based on a survey of representatives of several hundred companies from 18 US industries. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. Respondents describe the following aspects ...
Pricing of supplies remains an issue with supply chains continuing to stabilize; one respondent voiced concern over potential port labor issues. The interest-rate cut was welcomed; however, labor costs and availability continue to be a concern across most industries", Steve Miller, from the ISM ...