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Currency | Actual | Forecast |
The PMI Manufacturing is a monthly economic indicator that measures the performance of the manufacturing sector in an economy. It is based on surveys of purchasing managers in the manufacturing industry and is calculated by a number of private organizations and government agencies around the world. The PMI Manufacturing is an important indicator of economic health because it provides insight into changes in business activity, new orders, production, employment, and prices in the manufacturing sector.
The PMI Manufacturing is important because it provides a timely and reliable snapshot of economic conditions in the manufacturing sector. It is widely regarded as a leading indicator of economic growth, as changes in the PMI Manufacturing 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 Manufacturing can provide valuable insights into the underlying trends and drivers of economic activity. For example, changes in the PMI Manufacturing can indicate shifts in consumer and business sentiment, changes in the level of global demand, or shifts in the labor market.
ADP Employment Change |
Average Hourly Earnings NEXT:6-Dec-2024 |
Average Weekly Hours NEXT:6-Dec-2024 |
Budget Balance NEXT:11-Dec-2024 |
Building Permits NEXT:18-Dec-2024 |
Business Inventories / Sales Ratio NEXT:17-Dec-2024 |
Business Inventories m/m NEXT:17-Dec-2024 |
Business Inventories y/y NEXT:17-Dec-2024 |
Business Sales m/m NEXT:17-Dec-2024 |
Business Sales y/y NEXT:17-Dec-2024 |
Capacity Utilization Rate m/m NEXT:17-Dec-2024 |
Capital Account Balance NEXT:18-Dec-2024 |
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