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Event | Date | Time | For Period |
Currency | Actual | Forecast |
The Purchasing Managers' Index (PMI) Composite is a monthly economic indicator that provides insight into the performance of the manufacturing and services sectors of an economy. It is based on surveys of purchasing managers in both sectors and is calculated by a number of private organizations and government agencies around the world. The PMI Composite is an important indicator of economic health because it reflects changes in the levels of business activity, new orders, production, employment, and prices.
The PMI Composite is important because it provides a timely and reliable snapshot of economic conditions in the manufacturing and services sectors. It is widely regarded as a leading indicator of economic growth, as changes in the PMI Composite tend to precede changes in gross domestic product (GDP) by a few months. As such, it is closely watched by policymakers, investors, and economists, who use it to make informed decisions about monetary and fiscal policies, investment strategies, and forecasting economic growth. Moreover, the PMI Composite can provide valuable insights into the underlying trends and drivers of economic activity. For example, changes in the PMI Composite can indicate shifts in consumer and business sentiment, changes in the level of global demand, or shifts in the labor market.
ADP Employment Change NEXT:2-Oct-2024 |
Average Hourly Earnings NEXT:4-Oct-2024 |
Average Weekly Hours NEXT:4-Oct-2024 |
Budget Balance NEXT:10-Oct-2024 |
Building Permits NEXT:18-Sep-2024 |
Business Inventories / Sales Ratio NEXT:17-Sep-2024 |
Business Inventories m/m NEXT:17-Sep-2024 |
Business Inventories y/y NEXT:17-Sep-2024 |
Business Sales m/m NEXT:17-Sep-2024 |
Business Sales y/y NEXT:17-Sep-2024 |
Capacity Utilization Rate m/m NEXT:17-Sep-2024 |
Capital Account Balance NEXT:19-Sep-2024 |
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