Economic event · Survey

Flash Purchasing Managers’ Indices

Early estimates of the monthly purchasing managers’ indices, published about a week before the month ends and based on the replies received so far.

Around a release

Spreads may widen, prices may gap and an order may be filled at a different price from the one requested. Order anatomy

The release

How it is measured.

S&P Global compiles them from most, but not all, of the month’s survey responses, for the larger economies it covers: among them the euro area, Germany, France, the United Kingdom, the United States, Japan and Australia. The final indices follow at the start of the next month. As with any such index, a reading above 50 means more firms reported an increase than a decrease.

Why markets watch it.

They are the first broad evidence of how a month went, published while it is still going on, and they come out across Asia, Europe and the United States on the same day, which makes them easy to compare.

How it is commonly misread.

A flash is an estimate, and the final figure can differ. The S&P Global survey for the United States is not the ISM survey: the panels and the questions differ, and the two have disagreed about direction. The surveys record how many firms saw a change, not how big it was, and the names of sponsoring banks in their titles change from time to time without the survey changing.

An explanation of why the release is followed, not a view on what any market will do when it is published. Educational information, not investment advice or a recommendation to trade.

Commonly monitored alongside it

Currencies and instruments that market participants commonly follow around this release. Listed for context; inclusion says nothing about direction.

Primary sources

Who publishes it.

The figures, the methodology and the release schedule are on the publisher’s own website. That is the only place this page sends you for a date.

Publishers of the Flash Purchasing Managers’ Indices, by area, with links to the primary source
Area	Publisher	Primary source
Global	S&P Global	pmi.spglobal.com (opens in a new tab)

Cadence: Monthly, about a week before the end of the month
Dates: Not shown on this page: GIO4X keeps no economic calendar of its own. TradingView’s calendar · All publishers’ pages

Connected

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