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Economic Calendar Terms

Markit Comp Flash PMI

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Purchasing Managers’ Indices (PMIs) have been specially developed to provide economic analysts, purchasing professionals, business decision-makers and policy makers with accurate and timely data to help better understand business conditions. In particular: central banks in many countries use the data to help make interest rate decisions; analysts in the financial markets use PMI data to reliably forecast official data such as GDP; forecasters and planners in the corporate sector use the PMIs to help anticipate changing business conditions and to benchmark performance. The indices are based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the manufacturing, construction, retail and service sectors.

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