Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit.

Transcription

1 PMI

2 Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit. They provide an advance signal of what is really happening in the private sector economy, by tracking variables such as output, new orders, employment and prices across key sectors.

3 Purchasing Managers Index (PMI ) surveys are key economic indicators for the world s largest economies and emerging markets. Survey participants have FREE ACCESS to this valuable economic information, which aids business planning and supplier negotiations. Markit Economics conducts monthly surveys of carefully selected companies in the manufacturing, services, construction and retail sectors of 30 countries. PMI surveys Highly-regarded economic indicators Quick and easy to take part Easy to interpret Relevant to industry professionals Enable understanding of current business trends Conducted in over 30 countries The survey results produce data that track changes in variables such as output, new orders, stock levels, supplier performance, employment and prices. All of this information is freely available to participating companies. \ 3

4 ADDRESSING YOUR NEEDS Why take part? PMI surveys provide participants with a FREE source of credible, highly-regarded business intelligence. The timely information available to participants helps them to better understand underlying economic conditions and identify turning points in the economic cycle. This enables improved business planning and purchasing strategy. Relevance PMI survey data cover tangible economic themes such as output, new orders, exports, employment, warehouse stocks, supplier performance and price trends. So participants find the data relevant to their business operations. International Survey participants have free access to a comprehensive online library of monthly economic reports, covering 30 countries. Speed The PMI surveys are based around a limited number of questions that are quick and easy to answer. Survey participants can complete the survey in a few minutes via a dedicated website. Timely PMI surveys are among the first economic indicators published every month. Survey participants have access to the latest findings as soon as they are published. Easy to use While PMI data are widely used by economists in financial institutions, the survey figures are designed to be easily interpreted by the wider press and industry professionals who participate in the surveys. Credible PMI surveys are closely watched by global financial markets and receive considerable press coverage. Therefore survey participants can be confident that the survey results are authoritative. \ 4 markit.com

5 Markit Eurozone Composite PMI Output Index vs. Eurozone GDP PMI GDP Quarterly % Chg Sources: Markit; Eurostat The PMI was the first indicator to signal the steep downturn in eurozone GDP during the global financial crisis in late-2008, the recession during the euro debt crisis in and the recent economic recovery in \ 5

6 ECONOMIC SURVEY METHODOLOGY Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) in over 400 companies. The survey panel is carefully recruited to accurately represent the true structure of that sector. Questionnaires are completed in the second half of each month and the survey results are then processed by Markit s economists. Respondents are asked to state whether business conditions for a number of variables have improved, deteriorated or stayed the same compared with the previous month. Reasons for any changes are also requested from respondents. Diffusion indexes are calculated for each variable. These indexes vary between 0 and 100 with levels of 50.0 signalling no change on the previous month. Readings above 50.0 signal an improvement or increase on the previous month. Readings below 50.0 signal a deterioration or decrease on the previous month. The greater the divergence from 50.0 the greater the rate of change signalled. \ 6 markit.com

7 The questionnaire covers the following economic variables Manufacturing Output New Orders New Export Orders Backlogs of Work Output Prices Input Prices Suppliers Delivery Times Stocks of Finished Goods Quantity of Purchases Stocks of Purchases Employment Services Business Activity New Business Backlogs of Work Prices Charged Input Prices Employment Expectations for Activity Construction Total Activity Residential Activity Commercial Activity Civil Engineering Activity New Orders Employment Quantity of Purchases Suppliers Delivery Times Input Prices Sub-contractor Usage Sub-contractor Availability Sub-contractor Rates Sub-contractor Quality Future Activity \ 7

8 COVERAGE OFFERING PMI Manufacturing Global Eurozone Australia Austria Brazil Canada China Colombia** Czech Republic Denmark France Germany Greece India Indonesia Ireland Israel Italy Japan Malaysia Mexico Netherlands New Zealand Poland Russia Singapore South Africa South Korea Spain Switzerland Taiwan Turkey United Kingdom United States Vietnam **Under construction PMI Services Global Eurozone Australia Brazil China France Germany India Japan Ireland Italy Russia Spain United Kingdom United States PMI Construction Eurozone France Germany Ireland Italy United Kingdom PMI Whole Economy Egypt* Lebanon Singapore Hong Kong United Arab Emirates* South Africa \ 8 markit.com Kenya Saudi Arabia* *Non-oil sector

9 PMI Composite* Global Eurozone Brazil China France Germany Ireland Italy Japan Russia Spain United Kingdom *Manufacturing and services combined Other Reports Business outlook Commercial property* Detailed industry sectors Electronics Emerging markets Household finance* Jobs* Marketing budgets* Metals Productivity Retail UK regions *UK only PMI Sectors Global Europe Asia \ 9

10 95 Macroeconomic Indices 63 National PMI Indices 30+ Countries Covered These numbers are changing as you read this. \ 10 markit.com

11 About Markit More More Information Markit is a leading global provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 4,000 people in 11 countries. Markit shares are listed on Nasdaq under the symbol MRKT. For more information, please see markit.com For For more more information information about on the the PMI products surveys and services and how to from participate, Markit, please contact contact us at us economics@markit.com at sales@markit.com or or call call one one of of our our regional offices: London London New York markiteconomics.com Amsterdam Markit Boulder Economics Videcom Dallas House Newtown Frankfurt Road Henley-on-Thames Hong Kong Oxfordshire RG9 Tokyo 1HG United Toronto Kingdom Singapore \ 11

12 pools intelligence surfaces information enables transparency builds platforms provides access scales volume & transforms business Markit makes no warranty, expressed or implied, as to accuracy, completeness or timeliness, or as to the results to be obtained by recipients of the products and services described herein, and shall not in any way be liable for any inaccuracies, errors or omissions herein. Copyright 2014, Markit Group Limited. All rights reserved. Any unauthorised use, disclosure, reproduction or dissemination, in full or in part, in any media or by any means, without the prior written permission of Markit Group Limited is strictly prohibited. PMI and Purchasing Managers Index are trade marks of Markit Economics Limited. Markit and the Markit Logo are registered trade marks of the Markit Group Limited. 09/17/15