2017 Economic Calendar
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PMI Composite Flash  
Released On 7/24/2017 9:45:00 AM For Jul, 2017
PriorConsensusConsensus RangeActual
Composite – Level53.0 53.2 52.7  to 54.1 54.2 
Manufacturing – Level52.1 52.0 51.5  to 52.3 53.2 
Services — Level53.0 54.1 52.8  to 54.4 54.2 

Highlights
Markit's U.S. samples are reporting the best strength, though still moderate, so far this year. The July flash for the composite rose 3 tenths from final June to 54.2 while the services index is unchanged, also at 54.2. The manufacturing PMI shows the most acceleration, up 1.2 points from final June to 53.2.

Strength in new orders, especially for services which hit a 2-year high, is the leading plus in today's report with output and employment also positives. Price data are mixed with wages up but fuel bills down and selling prices soft.

The gain for manufacturing is a special plus as are most of the readings, data that point to a pop higher for general activity this summer.

Recent History Of This Indicator
The PMI composite is expected to slow to what would be a still constructive 53.2 in the July flash from 53.9 in June. Slight slowing is expected for the manufacturing and services flashes, at a respective consensus calls of 52.0 and 54.1. Services have offered the best news with new orders and employment solid and optimism on the outlook positive.

Definition
The flash Composite Purchasing Managers' Index (PMI) provides an early estimate of current private sector output by combining information obtained from surveys of around 1,000 manufacturing and service sector companies. The flash data are released around 10 days ahead of the final report and are typically based upon around 85 percent of the full survey sample. Results are synthesized into a single index which can range between zero and 100. A reading above (below) 50 signals rising (falling) output versus the previous month and the closer to 100 (zero) the faster is output growing (contracting). The report also contains flash estimates of the manufacturing and services PMIs. The data are produced by Markit.  Why Investors Care
 

2017 Release Schedule
Released On: 3/244/215/236/237/248/239/2210/2411/24
Release For: MarAprMayJunJulAugSepOctNov
 


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