LIVE: Thousands Of Companies Around The World Are Revealing The Truth About The Economy

Business Insider

HEADS UP: The world's biggest economies are releasing their March manufacturing PMI reports Sunday through Tuesday. And this is our scorecard.

So far, the reports reflect acceleration in Asia's manufacturing sector.

China's official manufacturing PMI report climbed to 50.9 in March, down from 50.1.  Economists where expecting a reading of 52.0.

Some weak economic numbers have some China watchers wondering if the world's second largest economy may be heading for a hard landing.  An increasing PMI should quell some of those concerns.

Meanwhile, Europe continues to be a mess, and all signs suggest its economies deteriorated in March.

On the other hand, the U.S. economic numbers have been so strong, Deutsche Bank's Joe LaVorgna thinks GDP may have grown by as much as 4 percent in Q1.  On Thursday, U.S. stocks closed at an all-time high.

PMI

At the beginning of each month, Markit, HSBC, RBC, JP Morgan and several other major data gathering institutions publish the latest local readings of the manufacturing purchasing managers index (PMI) for countries around the world.

PMI is one of the best leading indicators of the economy. 

Each reading is based on surveys of hundreds of companies. Read more about it at Markit.

These are not the most closely followed data points.  However, the power of the insights is unparalleled. Jim O'Neill, Chairman of Goldman Sachs Asset Management, believes the PMI numbers are among the most reliable economic indicators in the worldBlackRock's Russ Koesterich thinks it's one of the most underrated indicators.

-------------------------------------------------------------------------------------------------------------------------------

Click here to refresh this page for the latest updates to our scorecard >

March 28 (All Times EST)

March 31, April 1

  • 8:00 p.m. South Korea: HSBC Manufacturing PMI52.0 , up from 50.9
  • 9:00 p.m. China : NBS Official PMI50.6 , up from 50.1
  • 9:45 p.m. China: HSBC Manufacturing PMI 51.6 , up from 50.4
  • 10:00 p.m. Taiwan: HSBC Manufacturing PMI51.2 , up from 50.2
  • 10:00 p.m. Vietnam: HSBC Manufacturing PMI 50.8 , up from 48.3
  • 11:00 p.m. Indonesia: HSBC Manufacturing PMI51.3 , up from 50.5
  • 1:00 a.m. India:  HSBC Manufacturing PMI
  • 1:00 a.m. Russia: HSBC Manufacturing PMI
  • 2:00 a.m. Turkey:  HSBC Manufacturing PMI
  • 3:00 a.m. Greece: Markit Manufacturing PMI
  • 8:00 a.m. Brazil: HSBC Manufacturing PMI
  • 8:00 a.m. US: Markit Manufacturing PMI 
  • 10:00 a.m. US: ISM Manufacturing
  • 10:30 a.m. Mexico:  HSBC Manufacturing PMI

April 1, 2

  • 8:00 p.m. Netherlands: NEVI Manufacturing PMI
  • 2:00 a.m. Ireland: NCB Manufacturing PMI
  • 3:00 a.m. Poland: HSBC Manufacturing PMI  
  • 3:15 a.m. Spain: Markit Manufacturing PMI
  • 3:45 a.m. Italy: Markit/ADACI Manufacturing PMI
  • 3:50 a.m. France: Markit Manufacturing PMI
  • 3:55 a.m. Germany: Markit/BME Manufacturing PMI 
  • 4:00 a.m. Eurozone Manufacturing PMI
  • 4:30 a.m. UK: Markit / CIPS Manufacturing PMI
  • 9:30 a.m. Canada: RBC Manufacturing PMI
  • 11:00 a.m. Global: JPMorgan Manufacturing PMI
Click here to refresh this page for the latest updates to our scorecard >

More From Business Insider

Rates

View Comments (1)