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PRIBIZCO Flash Manufacturing PMI Report 16:50

PRIBIZCO Flash Manufacturing PMI Report

Flash Manufacturing PMI is an estimate of manufacturing for a country, based on about 85% of total purchasing managers index (PMI) survey responses each month.

Flash PMIs are among the first economic indicators released each month, and provide evidence of changing economic conditions ahead of comparable government statistics, they can have a significant effect on markets, particularly the foreign exchange market. Any reading of the index above 50 indicates improving conditions, while readings below 50 indicate a deteriorating economic climate.

PMIs use a monthly questionnaire survey of selected companies which provide an advance indication of the performance of the private sector. It achieves this result by tracking changes in variables such as output, new orders, and prices across the manufacturing, construction, retail and service sectors.

Below are the Announcement Time and Forecast for Each PMI:

French Flash Manufacturing PMI 24Jul2020 3.15pm// Forecast 53.1
German Flash Manufacturing PMI 24Jul2020 3.30pm// Forecast 48.0
Europe Flash Manufacturing PMI 24Jul2020 4.00pm// Forecast 50.0
UK Flash Manufacturing PMI 24Jul2020 4.30pm// Forecast 52.0
US Flash Manufacturing PMI 24Jul2020 9.45pm// Forecast 52.0

Traders kindly research on the PMI report history and trade wisely