Posted On: 10/24/2016 9:49:45 AM
Post# of 63840
PMI Manufacturing Index Flash
Released On 10/24/2016 9:45:00 AM For Oct, 2016
Prior Consensus Consensus Range Actual
Level 51.4 51.2 50.9 to 51.7 53.2
Recent History Of This Indicator
The manufacturing PMI is expected to remain soft for the October flash, at a consensus 51.2 vs a final 51.5 in September and 51.4 for the September flash. Growth in new orders was the weakest of the year in September while export sales, due to what the report said was the strong dollar, contracted for the first time in four months. Unlike most other reports, this report has been citing the presidential election as a factor, specifically a negative one that it says has been delaying customer decisions.
Definition
Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across manufacturing industries. The flash index, usually released about a week before the final, gives a preliminary reading of conditions for the current month.
Released On 10/24/2016 9:45:00 AM For Oct, 2016
Prior Consensus Consensus Range Actual
Level 51.4 51.2 50.9 to 51.7 53.2
Recent History Of This Indicator
The manufacturing PMI is expected to remain soft for the October flash, at a consensus 51.2 vs a final 51.5 in September and 51.4 for the September flash. Growth in new orders was the weakest of the year in September while export sales, due to what the report said was the strong dollar, contracted for the first time in four months. Unlike most other reports, this report has been citing the presidential election as a factor, specifically a negative one that it says has been delaying customer decisions.
Definition
Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across manufacturing industries. The flash index, usually released about a week before the final, gives a preliminary reading of conditions for the current month.
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