2018 Economic Calendar
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PMI Manufacturing Index  
Released On 1/2/2018 9:45:00 AM For Dec, 2017
PriorConsensusConsensus RangeActual
Level53.9 55.0 55.0  to 55.5 55.1 

Highlights
The December final for Markit's U.S. manufacturing report is little changed from December's flash, up 1 tenth to 55.1 but up a sizable 1.2 points from November. Acceleration in new orders and a 2-year best for backlogs highlight December's results which also include stronger production growth and a 3-year high for employment. Input costs rose on supply chain delays while selling prices, though still rising, did slow. Business confidence in this report is described as robust. One negative is only marginal growth for export sales.

This report showed much less strength last year than ISM manufacturing which perhaps heightens the importance of the strength in today's results. The jury is still out but the factory sector appears to have accelerated noticeably going into year end. Watch tomorrow for ISM's December report.

Consensus Outlook
PMI manufacturing rose a sharp 1.2 points in the December flash to 55.0. The flash showed increases for new orders, production and especially employment where growth in this sample was the best since September 2014. Forecasters see no change for final December with the consensus at 55.0.

Definition
Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across manufacturing industries. The final index for the current month is released roughly a week after the flash.  Why Investors Care
 

2018 Release Schedule
Released On: 1/22/13/14/25/16/17/28/19/410/111/112/3
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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