2018 Economic Calendar
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PMI Manufacturing Index  
Released On 10/1/2018 9:45:00 AM For Sep, 2018
PriorConsensusConsensus RangeActual
Level54.7 54.5 52.9  to 55.6 55.6 

Highlights
Markit's manufacuturing sample reported solid strength in September, at a final 55.6 index which is unchanged from the mid-month flash and is well above the 54.7 of August. The sample posted strong orders in the month with growth, however, centered narrowly in the domestic market as export orders were flat with concerns over tariffs cited.

There's strong evidence of capacity stress as backlogs are building signficantly, at the fastest rate in two years, with input costs rising sharply and component shortages reported. Price pass through to customers is described as "solid". Despite the rise in backlogs, hiring in the month was the slowest in more than a year.

Growth in this report has been running noticeably below the ISM's manufacturing sample where data for September will be posted at 10:00 a.m. ET this morning.

Consensus Outlook
Boosted by production and orders, PMI manufacturing firmed in the September mid-month flash after slowing noticeably in August. But an unexpected step back is the call for September's final with Econoday's conesnsus at 54.5 vs 55.6 for September's flash. This index ended August at 54.7.

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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