Flash Manufacturing PMI

What is this event?

It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.

Measures

Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for the currency.

Frequency of event

Released monthly, around 3 weeks into the current month.

Source of Data

Markit (latest release)