2017 Economic Calendar
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PMI Manufacturing Index  
Released On 10/2/2017 9:45:00 AM For Sep, 2017
PriorConsensusConsensus RangeActual
Level52.8 53.0 52.5  to 53.0 53.1 

Highlights
The PMI manufacturing report continues to report no more than moderate conditions, much more in line with trends in national data out of Washington than other private and regional reports that have been reporting extremely strong conditions. The PMI ends September at 53.1, little changed from 53.0 at mid-month and August's final score of 52.8. New orders eased from August though export sales did improve. Growth in production held at August's 14-month low. Backlog accumulation remains moderate.

Hurricane effects are hard to find in the data except for input costs which accelerated sharply to the fastest rate in nearly 5 years. These prices are being passed through to selling prices but only to a limited extent. Another hurricane effect may be delivery delays which slowed the most since February last year.

Clear pluses include a rise in employment and also the sample's general optimism which is described as "robust." ISM's September report is coming up at 10:00 a.m. ET and is one of the private reports that have been running unusually strong, at 58.8 in August.

Recent History Of This Indicator
PMI manufacturing has been running at much more moderate rates of growth than any other private or regional survey, more in line with the actual pace of the nation's factory sector. New orders posted their slowest rate of growth of the year in September's flash with export orders stagnate. There were few indications of specific trouble tied to Hurricanes Harvey or Irma though input costs did hit a 5-year high. Forecasters see no change from September's 53.0 flash.

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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