Markit IndicesMarkit PMI

The Markit PMI™ (Purchasing Managers’ Index™) series are monthly economic surveys of carefully selected companies compiled by Markit. They provide advance insight into the private sector economy by tracking variables such as output, new orders, employment and prices across key sectors. Economic analysts, business decisionmakers, forecasters and policy makers leverage the PMI surveys to better understand business conditions in any given economy. Central banks in many countries use the data to help make interest rate decisions, and analysts in the financial markets use PMI data to forecast official economic data.

Customers

  • Central banks
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  • Economists
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  • Investment banks
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  • Asset management firms
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  • Global macro funds
  • |
  • Corporates

Statistics

  • 30+countries covered
  • 20k+companies surveyed

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Product summary

There are two parts to the monthly PMI releases: the headline PMI number, designed to provide a snapshot of the health of the economy, and the sub-indices, or component level data. These sub-indices provide unrivalled insight into key economic drivers, such as inflation, exports, employment and inventories.

Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) at over 400 companies. The survey panels are 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.

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

Key Benefits

  • Timeliness

    Monthly publication with PMI data released well in advance of comparable official economic data

  • Comparability

    Standardized data collection across all countries, allowing for direct comparisons between different economies

  • Factual

    Based on responses to questions on actual business conditions, rather than opinion or confidence-based measurements

  • Extensive coverage

    More than 20,000 companies surveyed monthly across over 30 major developed and emerging economies

Links and dates

  • Markit Economics press releases, including PMI releases

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  • Calendar of PMI release dates

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