Flash Manufacturing PMI

 

What is the Flash Manufacturing PMI?

The Flash manufacturing PMI is an estimate of manufacturing based on 85% to 90% of the total Purchasing Managers Index survey. It is primarily used as an early indicator of where final PMI data will settle and tracks output, new orders, and prices. Any reading above 50 indicates improving economic conditions, while readings below 50 show declines.

 

Why is the Flash Manufacturing PMI valuable?

As one of the first economic indicators released each month the Flash Manufacturing PMI can have a significant impact on the market. Especially since it highlights changes in the economy before most government statistics. Not only is the Flash Manufacturing PMI an accurate gauge of the U.S. economic health, it is also valuable for assessing trends within the manufacturing industry.

 

What should you do?

If you’re searching for an early indicator of both economic and manufacturing trends, following the Flash Manufacturing PMI will provide you with the insights you’re after. Majestic’s CORE Report follows the Flash Manufacturing PMI; along with other indicators every week to see where the market stands.

Source: Investopedia.com