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Economic Calendar Terms

Markit/BME Mfg PMI

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The Purchasing Managers' Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers' delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI.

-Detailed PMI data are only available under licence from Markit and customers need to apply to Markit for a licence. To subscribe to the full data, click on the link below: http://www.markit.com/information/register/reuters-pmi-subscriptions For further information, please phone Markit on +44 20 7260 2454 or email economics@markit.com