2017 Economic Calendar
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PMI Manufacturing Index  
Released On 4/3/2017 9:45:00 AM For Mar, 2017
PriorActual
Level54.2 53.3 

Highlights
Markit Economics' U.S. manufacturing sample is reporting a loss of momentum. The final March composite is 53.3, vs 53.4 at mid-month and noticeably down from 54.2 in February and 55.0 in January. New orders, in part reflecting subdued export demand, slowed to a 5-month low in March and the sample is cutting inventories, two key signs of softness. Output also slowed in the month and so did hiring. But in a contrary sign of strength, input costs posted their highest showing in 2-1/2 years while pass through to selling prices kept pace, showing their best strength also in 2-1/2 years.

The slowing in this report is not confirmed by regional factory reports which showed mostly strength in March, but it does raise the possibility that the unusual strength in anecdotal reports may not translate to similar strength in government data. In another note, delivery times rose to a 2-year high due in part to the month's heavy weather, a reminder that weather is a wildcard for Friday's employment report.

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 final index for the current month is released roughly a week after the flash.  Why Investors Care
 

2017 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/110/211/112/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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