Economic Calendar

Details

Source

The Chartered Institute of Purchasing

Measures

The Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction.

Usual Effect

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Frequency

Monthly

Next Release

Jun 5, 2018

Why Traders Care

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

Acro Expanded

Purchasing Managers' Index (PMI)