Flash Manufacturing PMI is an estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing Managers Index (PMI) survey responses each month. It is a forward-looking estimate of a countrys manufacturing sector and is intended to provide an accurate advance indication of the final PMI data. The Flash Manufacturing PMI is an early indicator of where the final PMI figure may settle.
The PMI is a composite index that is based on five major indicators: new orders, inventory levels, production, supplier deliveries, and employment environment. The Flash Manufacturing PMI tracks output, new orders, and prices. Any reading of the Flash Manufacturing PMI above 50 indicates improving conditions, while readings below 50 indicate a deteriorating economic climate.
The Flash Manufacturing PMI is used around the world as an early gauge for economic activity. It is primarily used as an early indicator of where final PMI data will settle. As one of the first economic indicators released each month, the Flash Manufacturing PMI can have a significant impact on the market. It is valuable for assessing trends within the manufacturing industry.
Flash Manufacturing PMI is not the same as the final PMI data, but it is an accurate advance indication of the final PMI data. The Flash PMI data are published approximately one week before final PMI data each month and are typically based on 85%-90% of total PMI responses received each month.