Markit manufacturing PMI


Markit manufacturing PMI (also called IHS Markit US Manufacturing PMI) is a sentiment indicator, which measures the health of the US manufacturing sector by surveying the opinion of the industry’s purchasing managers. It is one of the important leading fundamental indicators. PMI values above 50 signal growing economic activity. Values below 50 hint there is a contraction in the sector. This manufacturing PMI is reported monthly by IHS Markit on the first business day after the month ends. Better-than-expected readings can help the dollar to rise, while worse-than-expected readings can be a bearish signal for the US currency. Usually, Markit announces flash (or preliminary) estimate of its PMI’s during the fourth week of the month, and then the final revision during the first week of the next month.

You can find mentions of the Markit manufacturing PMI since 2015 in the posts listed below.

It is somewhat similar to the ISM manufacturing PMI.

Note: Do not confuse this indicator with Markit services PMI.