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47 High Impact Event
Trading US ISM Manufacturing & Services PMI on Prop Firms
The Institute for Supply Management (ISM) Purchasing Managers' Index (PMI) is a leading indicator of economic health. Released in two parts (Manufacturing and Services) on different days, a reading above 50 indicates expansion, while below 50 indicates contraction. The Services PMI is particularly impactful as the US is a service-driven economy.
The 10:00 AM Reversal
Because PMI is released at 10:00 AM EST, it often causes a sharp reversal of the initial 8:00-9:30 AM London/NY overlap trend.
Employment Sub-Index
Traders look closely at the "Employment" component of the ISM data as a leading indicator for the NFP report released later that week.
Services vs Manufacturing
The Services PMI typically causes more volatility than Manufacturing, as the US economy is roughly 70% service-based.
Release Info
Region: US | Frequency: Monthly (First week of the month) | Usual Time: 10:00 AM EST
Find Your Perfect Firm47 Results
| # | Firm | Rating | Actions |
|---|---|---|---|
1 | FTMO 19/10% off | 4.8 | |
2 | 4.8 | ||
3 | 4.6 | ||
4 | 4.8 | ||
5 | 4.8 | ||
6 | 4.2 | ||
7 | 4.8 | ||
8 | 4.4 | ||
9 | 4.6 | ||
10 | 4.5 | ||
11 | 4.5 | ||
12 | 4.5 | ||
13 | 4.7 | ||
14 | 4.7 | ||
15 | 4.8 | ||
16 | 4.6 | ||
17 | 4.5 | ||
18 | 4.5 | ||
19 | 4.5 | ||
20 | 4.3 | ||
21 | 4.3 | ||
22 | 4.4 | ||
23 | 4.5 | ||
24 | 4.8 | ||
25 | 4.4 | ||
26 | 4.5 | ||
27 | 4.6 | ||
28 | 4.4 | ||
29 | 4.4 | ||
30 | 4.5 | ||
31 | 4.3 | ||
32 | 4.4 | ||
33 | 4.5 | ||
34 | 4.6 | ||
35 | 4.7 | ||
36 | 4.4 | ||
37 | 4.4 | ||
38 | 4.7 | ||
39 | 4.6 | ||
40 | 4.5 | ||
41 | 4.5 | ||
42 | 4.4 | ||
43 | 4.5 | ||
44 | 4.6 | ||
45 | 4.4 | ||
46 | 4.5 | ||
47 | 4.5 |
Frequently Asked Questions
Is ISM PMI a restricted news event?
Yes, most prop firms classify the ISM Manufacturing and ISM Services PMI releases as restricted Tier-1 news events.
Does Flash PMI cause as much volatility as ISM PMI?
S&P Global Flash PMI (released earlier in the month) causes some volatility, but the ISM PMI is considered the definitive benchmark for the US and causes much larger moves.