Definition of ism manufacturing and non-manufacturing index

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1. What is the definition of ISM manufacturing and non-manufacturing index? What are components of ISM manufacturing and non-manufacturing index? How do we use those statistics for decision making? Please collect the most recent two-month data, and present and interpret those statistics.

2. How are those indexes related to direct materials, direct labor, manufacturing overhead and finished goods?

Reference no: EM131416730

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