GBP Purchasing Manager Index

GBP Purchasing Manager Index

It is the job ofpurchasing managers toestimate future demandand to ...More
It is the job ofpurchasing managers toestimate future demandand to adjust theirorders accordingly. ThePurchasing Manager Index(PMI) is based on thesemanagers' opinions inorder to predict thefuture of the Less

GBP Purchasing Manager Index

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It is the job of purchasing managers to estimate future demand and to adjust their orders accordingly. The Purchasing Manager Index (PMI) is based on these managers' opinions in order to predict the future of the
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It is the job of purchasing managers to estimate future demand and to adjust their orders accordingly. The Purchasing Manager Index (PMI) is based on these managers' opinions in order to predict the future of the sector. If the PMI is high it means there has been an increased demand for purchasing, which signifies positive economic growth. The opposite is of course true. This figure, being sensitive to the business cycle, often matches the situation of the economy as a whole.

This PMI for UK construction increased last week causing a surge in the strength of the sterling. The PMI for manufacturing however once again decreased for the sixth month running.

We are waiting for the PMI Services figure to come through Monday morning. In September this figure unexpectedly increased showing a small growth for the UK economy. Though this figure rarely affects markets, we saw that shortly after this data was released the sterling rose against the dollar and the euro. It might be worthwhile to review these figures tomorrow.

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Posted on: 12:48 PM - 23 Dec 12

GBP Purchasing Manager Index
GBP Purchasing Manager Index page created by victor derma
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It is the job of purchasing managers to estimate future demand and to adjust their orders accordingly. The Purchasing Manager Index (PMI) is based on these managers' opinions in order to predict the future of the
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