2018 Economic Calendar
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PMI Manufacturing Index  
Released On 9/4/2018 9:45:00 AM For Aug, 2018
PriorConsensusConsensus RangeActual
Level55.3 54.5 54.3  to 54.7 54.7 

Highlights
Moderation at a still solid rate of growth is the indication from the manufacturing PMI which ended August at 54.7, up slightly from the mid-month reading of 54.5 but down noticeably from July's final at 55.3.

Growth in production was the slowest since November last year while growth in new orders slowed only slightly and helped keep backlogs and employment rising at a solid though slowing pace. A plus for new orders is that growth included an uptick in export sales.

Capacity stress is easing in PMI's sample as both growth in input costs and selling prices slowed to levels early in the year while lengthening in delivery times also eased. Business confidence is back on the climb, rising to a 3-month high.

Advance indications on August's factory sector are mixed to softer but rates of growth are still healthy. Similar results are expected for the ISM manufacturing report released later this morning at 10:00 a.m. ET.

Consensus Outlook
The PMI manufacturing index posted its slowest reading of the year in the August flash as orders, output and hiring all slowed. No change is expected for the flash with Econoday's consensus at 54.5 for the final August score. This index ended July at 55.5

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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