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GBP Manufacturing PMI
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Usual Effect Actual > Forecast = Good for currency;
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Usual Effect Actual > Forecast = Good for currency;
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
