2012 Economic Calendar
POWERED BY  econoday logo
Resource Center »  U.S. & Intl Recaps   |   Event Release Dates   |   Event Definitions   |   Today's Calendar

PMI Manufacturing Index Flash
Released On 5/24/2012 9:00:00 AM For May
PriorActual
Level56.0 53.9 

Highlights
Growth is slowing this month in the US manufacturing sector based on the flash PMI from Markit Economics which slipped 2.1 points to 53.9, a level over 50 to indicate monthly growth but below April to indicate a slower rate of growth. But readings are nevertheless healthy and include moderate growth for new orders, for output and for employment. Inventories are steady though levels may be on the high side given slowing growth in orders. Price readings show minimal and easing pressures.

One area of softness is exports where order growth is minimal, the result of weakness in Europe and slowing in China. Today's results underscore the slowing seen in April's durable goods orders that were released earlier this morning, yet the US manufacturing sector continues to expand and manufacturers continue to add to payrolls.

Definition
Purchasing Managers' Manufacturing Index (PMIs) is based on monthly questionnaire surveys of 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 sectors. The flash index, usually released about a week before the final, gives a preliminary reading of conditions for the current month.  Why Investors Care
 

2012 Release Schedule
Released On: 4/235/246/217/248/239/2010/2411/2112/14
Release For: AprMayJunJulAugSepOctNovDec
 


powered by  [Econoday]