ISM Non-Manufacturing Prices Paid index is one of the elements included in the calculation of the service sector PMI (Purchasing Managers Index). The index is calculated monthly according to the survey of purchasing managers from 16 industries of the US service sector. Respondents estimate whether prices in their industry are growing, falling or remain at the same level.
A reading above 50 indicates the sector growth.
The chart of the entire available history of the "ISM United States Non-Manufacturing Prices Paid" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.