| Source |
Markit (latest release) |
|
| Measures |
Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; |
|
| Usual Effect |
Actual > Forecast = Good for currency; |
|
| Frequency |
Released monthly, around 3 weeks into the current month; |
|
| Next Release |
Aug 23, 2012 |
|
| SLBFX Notes |
Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact; |
|
| Why Traders Care |
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; |
|
| Derived Via |
Survey of about 3000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; |
|
| Acro Expand |
Purchasing Managers' Index (PMI); |
|
| |