PRIBIZCO News: Flash Services PMI Report Timetable Overview
AUSTRALIA Flash Services PMI 7AM 21AUG2020 (GMT+8)
FRENCH Flash Services PMI 3:!5PM 21AUG2020 (GMT+8)
GERMAN Flash Services PMI 3:30PM 21AUG2020 (GMT+8)
EUROPE Flash Services PMI 4PM 21AUG2020 (GMT+8)
UK Flash Services PMI 4.30PM 21AUG2020 (GMT+8)
US Flash Services PMI 9.45PM 21AUG2020 (GMT+8)
Flash services PMI is an early estimate of the Services Purchasing Managers' Index (PMI)
for a country, designed to provide an accurate advance indication of the final services PMI data.
Markit Economics publishes the services PMI monthly. Data is based on surveys of over 400 executives
in private sector service companies. The surveys cover transport and communication, financial intermediaries,
business and personal services, computing and IT, hotels and restaurants.
For context, the entire PMI series consists of monthly economic surveys of carefully selected companies.
They track a number of variables, such as output, new orders, employment and prices across key sectors.
The headline index from the surveys is a weighted combination of survey variables designed to provide
an overall view of underlying business trends.
Flash Services PMI is released one week prior to the end of every survey period, flash services PMI provides
the earliest indication each month of business conditions at countries private sector companies.
As flash services PMIs are among the first economic indicators for each month, providing evidence of
changing economic conditions ahead of comparable government statistics, they can have a significant effect on currency markets.
The flash services PMI is based on approximately 85 to 90 percent of total PMI responses each month,
and it is designed to provide an accurate advance indication of the final PMI data.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement,