2017 Economic Calendar
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PMI Manufacturing Index  
Released On 6/1/2017 9:45:00 AM For May, 2017
PriorConsensusConsensus RangeActual
Level52.8 53.0 52.5  to 54.4 52.7 

Highlights
Growth in Markit's U.S. manufacturing sample is as slow as it has been in 8 months, at 52.7 and little changed from the mid-month flash (52.5) and April (52.8). Growth in this sample peaked in January at 55.0 and has been moving lower as new orders, also at an 8-month low, and employment have slowed. Production is steady at a modest level and the sample, in a sign of caution, continues to work down inventories. Other details include slowing in both input costs and selling prices and weakness in export sales. This report, of all the private manufacturing reports, has been signaling the weakest conditions for a factory sector that opened the year with promise which it has yet to fulfill. Watch for the ISM report coming up at 10:00 a.m. ET this morning.

Recent History Of This Indicator
Unlike the rival ISM, Markit Economics' manufacturing PMI has not been pointing to outstanding acceleration for the manufacturing sector. To the contrary, loss of momentum was the signal in both April and the May flash where orders and employment were subdued and inventories, in a sign of defensiveness, were down. Forecasters see the final reading at a consensus 53.0 in what would be a noticeable improvement from the 52.5 flash.

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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