Economic IndicatorsTop News

ISM says launching U.S. purchasing managers’ index for hospitals in August

imageEconomic Indicators13 hours ago (Jul 15, 2020 01:00PM ET)

(C) Reuters.

WASHINGTON (Reuters) – The U.S. Institute for Supply Management said on Wednesday it would launch a new Purchasing Managers’ Index for hospitals next month, to assess domestic hospital supply chains amid the COVID-19 pandemic.

ISM said the inaugural hospital PMI will be published on Aug. 7 at 10 a.m.(1400 GMT) featuring July data.

Hospitals are grappling with shortages of personal protective equipment as new coronavirus cases surge across the country. The ISM said in a statement that it hoped the new PMI would be a useful tool for the hospital sector as it restructures its supply chains.

“ISM is proud to expand the depth of our economic insights as we look to serve the supply management profession and the greater economic community,” said ISM CEO Thomas Derry. “Long planned, the hospital PMI promises to be a valuable tool to clinicians, administrators, and policy makers just as the fragility of medical supply chains has become a pivotal topic.”

Hospital-specific data has been collected since April 2018, and monthly reports will be released on the fifth business day of the month. Just as with the established ISM manufacturing and nonmanufacturing indexes, a reading above 50 indicates growth in the hospital sector. A reading below 50 indicates contraction.

ISM says launching U.S. purchasing managers’ index for hospitals in August

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Back to top button
Close
Close

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!