2017 Economic Calendar
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PMI Manufacturing Index Flash  
Released On 2/21/2017 9:45:00 AM For Feb, 2017
PriorConsensusConsensus RangeActual
Level55.1 55.5 54.8  to 57.5 54.3 

Highlights
The U.S. samples of Markit Economics are reporting slowing conditions this month though at still respectable rates of growth. The PMI manufacturing index flash fell back modestly to 54.3 in February representing only a slightly slower pace in order growth and production. Respondents are reporting strength in domestic orders but weaker growth for exports, and upbeat comments are cited for the energy sector. Costs, driven by raw materials, are at a 2-1/2 year high while selling prices are flat in what points to a margin squeeze.

Today's report also includes flash data on the service sector where the index is down nearly 2 points to 53.9. Here weakness is tied to less confidence in the outlook which is back to where it was in September last year, just before the November election. Service-sector respondents are reporting slowing orders and greater client caution.

Note that the format of Markit's flash report has changed to conform with the firm's Eurozone reports. A single composite flash index will be posted near mid-month that will include component flashes for the manufacturing and services indexes. The final manufacturing index will be released separately on the first business day of the following month followed by the final services and final composite indexes, both on the third day of the month.

Background data: The composite flash for February is 54.3 which compares with a final January composite of 55.8 and a January flash composite of 55.4. February's 53.9 service-sector flash compares with a final January service-sector index of 55.6 and a flash of 55.1. The manufacturing flash at 54.3 (the same value as the composite flash) compares with a final January manufacturing index of 55.0 and a flash of 55.1.

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 flash index, usually released about a week before the final, gives a preliminary reading of conditions for the current month.  Why Investors Care
 

2017 Release Schedule
Released On: 1/242/21
Release For: JanFeb
 


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