2018 Economic Calendar
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PMI Manufacturing Index  
Released On 3/1/2018 9:45:00 AM For Feb, 2018
PriorConsensusConsensus RangeActual
Level55.5 55.7 55.4  to 55.9 55.3 

Highlights
Growth eased very slightly over the last two weeks of the PMI manufacturing sample with the final February reading at 55.3 vs 55.9 for the mid-month flash and compared with January's 55.5. Despite the month-end slowing, the month's results are among the best of the last three years.

New orders, the most important of any reading, lead the strength with a 13-month high while production and employment held solid and business confidence, though still below the long-term average, improved.

Prices are a key signal of strength in today's report with input costs running at a 5-year high and selling prices at a 4-year high. Another sign of capacity stress is delivery times with delays at a 3-year high.

These results point to a strong first-quarter start for the factory sector though the directional signal does contrast with definitive data on the sector which opened the year on a weak note, specifically declines in January durable goods orders and no change for manufacturing in January's industrial production report.

Consensus Outlook
The PMI manufacturing index is expected to come in at a final of 55.7 in February which would compare with 55.5 in January. This report has generally been running cooler than the ISM manufacturing index.

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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