Source: https://mochatrade.com/learn/glossary/ism-pmi

# ISM PMI
URL: https://mochatrade.com/learn/glossary/ism-pmi
Last modified: 2026-10-17

The ISM PMI is a monthly survey of US purchasing managers; above 50 means activity is expanding, below 50 contracting. Manufacturing lands on the first business day at 7:30 PM IST, 8:30 PM in winter. It is the fastest read on the cycle, drives [cyclical against defensive sectors](https://mochatrade.com/learn/us-market-structure/how-us-stock-prices-form), and moves [industrial metals like copper](https://mochatrade.com/learn).

## Related terms

- Copper: https://mochatrade.com/learn/glossary/copper
- PPI: https://mochatrade.com/learn/glossary/ppi
- Nonfarm payrolls: https://mochatrade.com/learn/glossary/nonfarm-payrolls
- Dollar index (DXY): https://mochatrade.com/learn/glossary/dollar-index
- Retail sales: https://mochatrade.com/learn/glossary/retail-sales
- Opening auction: https://mochatrade.com/learn/glossary/opening-auction