Track the CH Caixin Flash Manufacturing PMI, a prime gauge of economic health through purchasing managers' insights.
This serves as a primary indicator of economic health, as businesses respond swiftly to market dynamics. Purchasing managers possess some of the most timely and relevant insights regarding their companies' economic outlook.
What it Measures
This reflects the level of a diffusion index derived from surveys of purchasing managers within the manufacturing sector.
Usual Effect
'Actual' figures exceeding 'Forecast' are favorable for the currency.
Source & Frequency
S&P Global (latest release) - https://www.pmi.spglobal.com/ • Data is released monthly, typically about three weeks into the month.
How Data is Derived
Survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
N/A
Acronym
Purchasing Managers' Index (PMI)