2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

PMI Composite Flash  
Released On 8/23/2017 9:45:00 AM For Aug, 2017
PriorConsensusConsensus RangeActual
Composite – Level54.2 54.3 53.6  to 55.0 56.0 
Manufacturing – Level53.2 53.2 52.9  to 55.0 52.5 
Services — Level54.2 54.8 53.8  to 55.7 56.9 

Weakness in manufacturing, at 52.5, is being offset this month by strength in services, at a very strong score of 56.9. The two make for a PMI composite of 56.0. New orders for the services sample are at a 2-year high with hiring also very strong. Input costs for service providers are up as are, in especially positive news, selling prices which are at a nearly 3-year high.

Selling prices for manufacturers are also higher this month with input costs also up. Order growth, however, is slowing as is production. Inventory build is also slowing.

These results are mixed with the slowdown in manufacturing a concern especially following last week's surprise dip in manufacturing production.

Consensus Outlook
Markit Economics' set of U..S. indicators is expected to show moderate but still constructive growth with services continuing to outpace manufacturing. The consensus for the PMI composite August flash is 54.3 with PMI manufacturing at 53.2 and PMI services at 54.8, all little or no changed from recent readings.

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 output is 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: 3/244/215/236/237/248/239/2210/2411/2412/14
Release For: MarAprMayJunJulAugSepOctNovDec

powered by  [Econoday]