2017 Economic Calendar
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PMI Manufacturing Index  
Released On 11/1/2017 9:45:00 AM For Oct, 2017
PriorConsensusConsensus RangeActual
Level53.1 54.5 53.4  to 54.5 54.6 

The manufacturing PMI had been lagging other private and regional data but is now signaling solid and accelerating growth for the sector. The index rose to 54.6 for the final October reading for its best showing since early in the year. This compares with 54.5 for the October flash and 53.1 in September. New orders are on the rise especially export orders which posted their best monthly advance since August last year. And employment is also very strong with its best showing since June 2015. Production is up, inventories are up, costs remain elevated, and selling prices are showing traction. Hurricane effects haven't yet passed and are still working through the supply chain with delivery times still slowing. The past two durable goods reports out of Washington have been very strong and gains among the softer data, like today's report, hint perhaps at substantial acceleration for the factory sector going into year end. Watch later this morning at 10:00 a.m. for the ISM manufacturing report.

Consensus Outlook
PMI manufacturing accelerated sharply in October's flash, up 1.5 points to a solid 54.5 and an 8-month high. New orders and employment were highlights while delivery delays, tied to Hurricanes Harvey and Irma, gave perhaps a one-time boost to the composite index. Forecasters see no change for final October with the consensus at 54.5.

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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