2017 Economic Calendar
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PMI Manufacturing Index  
Released On 9/1/2017 9:45:00 AM For Aug, 2017
PriorActual
Level53.3 52.8 

Highlights
Strong hiring but weak production is the factory story in this morning's employment report and is repeated in PMI manufacturing data where the final composite for August came in at 52.8, up 3 tenths from the mid-month flash but down 5 tenths from July for the weakest reading since June last year

The PMI's sample reported the strongest hiring in six months and also gains for new orders that reflected domestic demand, not export orders which were flat. The first rise in backlogs since April helped spur the hiring. But the month's production, like the headline, was the weakest since June last year. Good news, however, comes from selling prices which improved as the sample passed through higher input costs for steel and electrical components.

A slowing in inventory build rounds out what, despite the strength in hiring, is a mostly soft report. ISM manufacturing follows this morning at 10:00 a.m. ET which is a report that has been running much hotter than this one.

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
 

2017 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/110/211/112/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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