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Is the ISM Report On Business® a month-to-month indicator, or month-to-year?

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Is the ISM Report On Business® a month-to-month indicator, or month-to-year?

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Report On Business® is a month-to-month indicator. However, ISM produces a Semiannual Forecast in December and May that reports on business conditions, trends, and expectations for the upcoming year as well as for the balance of the current year.

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