| Purchasing Managers' Index™ (PMI™) series compiled by Markit are key benchmark indicators for measuring the business and economic conditions in any given economy. |
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| Product summary: |
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The PMIs move fixed income, forex, futures and options markets, as they are watched closely by leading central banks around the world. Economists and fixed income analysts at investment banks, institutional asset management firms, global macro funds and corporate treasury departments all need access to the data. PMIs also offer a valuable insight into the future direction of corporate earnings. There are two parts to the monthly PMI releases; the first is the headline PMI number, designed to provide a snapshot of the health of the economy; the second is the sub-indices, or component level data. These sub-indices provide unrivalled insight into key economic drivers such as inflation, exports, employment and inventories. |
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| Key benefits: |
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| The PMIs provide a reliable guide to future official economic data releases such as GDP |
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| By surveying more than 20,000 companies around the world, every month, the PMIs represent the most comprehensive global economic survey available to professional investors |
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| Data are produced very rapidly, and far faster than equivalent official data, often providing the first indication of economic trends each month |
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| PMI data are also available by stock market sector classification, meaning PMI data relating to sector performance can be easily linked to other stock market-based datasets |
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| Key functions: |
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| The PMI headline is designed to provide a snapshot of the health of the economy |
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| Data are comprehensive and cover private sector economic activity in all of the world’s major developed and emerging economies, including the all-important service sectors, for which reliable and up-to-date official data are not usually available |
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| Data are produced using the same methodology in more than 20 countries, including all main developed economies and key emerging markets, offering uniquely accurate international comparisons |
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| All series provide reliable factual data on actual business conditions rather than opinion or confidence-based measurements |
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