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Economic Data

HSBC Flash Manufacturing PMI

Posted by NIFM
HSBC Flash Manufacturing PMI is a leading indicator for economic health. It impact quickly in markets conditions. Markit Economics provide the HSBC Flash Manufacturing PMI data. It is an independent, global provider of some of the world’s most influential business surveys. Its is based on surveyed purchasing managers in the manufacturing industry. Impact: If Data comes greater than Forecast then it is good for metals sector and currency. It is released on monthly basis, around 3 weeks into the current month. Above 50.0 is indicating that industries expansion if below 50.0 it is indicates contraction in industry. Traders must care about this data because it is a leading data about industrial health. It is indicate about the market condition and their purchasing managers hold perhaps the most current and relevant insight into the company view of the economy. About 430 purchasing managers of survey which asks respondents to rate the relative level of business conditions including production, prices, goods, inventories, employment and supplier deliveries.

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