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Purchasing Managers’ Index® (PMI®)

The Purchasing Managers’ Index® (PMI®) is based on monthly surveys of carefully selected companies representing major and developing economies worldwide.

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. The sub-indices provide 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 survey results are then processed by IHS Markit 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, as well as to provide reasons for any changes.

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, future output

Services - Business activity, new business, backlogs of work, prices charged, input prices, employment, expectations for activity

Construction - Total activity, residential activity, commercial activity, civil engineering activity, new orders, employment, quantity of purchases, suppliers’ delivery times, input prices, sub-contractor usage, sub-contractor availability, sub-contractor rates, sub-contractor quality, future activity

Whole Economy - Output, new orders, new export orders, backlogs of work, output prices, overall input prices, purchase prices, staff costs, suppliers’ delivery times, quantity of purchases, stocks of purchases, employment, future output

Key benefits:

  • Timeliness – Access a monthly publication of PMI data in advance of comparable official economic data
  • Comparability – Make direct comparisons of economies with standardized data
  • Factual sources – Use data based on responses to questions regarding actual business conditions, rather than opinion or confidence-based measurements
  • Extensive coverage – Rely on survey depth, with more than 26,000 companies surveyed monthly from more than 40 major developed and emerging economies

PMI Releases & Calendar

HISTORY

1992
Surveys
UK Manufacturing PMI
Countries
UK
Members
400
1994
Surveys
Countries
Members
1997
Surveys
  • Germany Manufacturing PMI
  • UK Services PMI
Countries
Germany
Members
1,200
1998
Surveys
  • France Manufacturing PMI
  • Germany Services PMI
  • Italy Manufacturing PMI
Countries
  • France
  • Italy
Members
2,400
1999
Surveys
  • Austria Manufacturing PMI
  • Eurozone Manufacturing PMI
  • Eurozone Services PMI
  • Ireland Manufacturing PMI
  • Italy Services PMI
  • Russia Manufacturing PMI
Countries
  • Austria
  • Eurozone
  • Ireland
  • Russia
Members
4,000
2000
Surveys
Germany Construction PMI
Countries
Members
4,400
2001
Surveys
  • France Services PMI
  • Greece Manufacturing PMI
  • Hong Kong PMI
  • Ireland Services PMI
  • Netherlands Manufacturing PMI
  • Poland Manufacturing PMI
  • Spain Manufacturing PMI
  • Spain Services PMI
  • UK Construction PMI
Countries
  • Greece
  • Hong Kong
  • Netherlands
  • Poland
  • Spain
Members
8,000
2002
Surveys
  • Japan Manufacturing PMI
  • Russia Services PMI
Countries
Japan
Members
8,800
2003
Surveys
France Construction PMI
Countries
Members
9,200
2004
Surveys
  • China Manufacturing PMI
  • Czech Republic Manufacturing PMI
  • Eurozone Retail
  • France Retail PMI
  • Germany Retail PMI
  • Italy Retail PMI
Countries
  • China
  • Czech Republic
Members
11,200
2006
Surveys
  • India Manufacturing PMI
  • Turkey Manufacturing PMI
Countries
  • India
  • Turkey
Members
12,000
2007
Surveys
Brazil Manufacturing PMI
Countries
Brazil
Members
12,400
2009
Surveys
  • Brazil Services PMI
  • China Services PMI
  • India Services PMI
  • Japan Services PMI
  • South Korea Manufacturing PMI
  • Taiwan Manufacturing PMI
Countries
  • South Korea
  • Taiwan
Members
14,800
2010
Surveys
  • Saudi Arabia PMI
  • United Arab Emirates PMI
Countries
  • Saudi Arabia
  • United Arab Emirates
Members
15,600
2011
Surveys
Canada Manufacturing PMI
Countries
Canada
Members
16,000
2012
Surveys
  • Egypt PMI
  • Indonesia Manufacturing PMI
  • Mexico Manufacturing PMI
  • US Manufacturing PMI
  • Vietnam Manufacturing PMI
Countries
  • Egypt
  • Indonesia
  • Mexico
  • USA
  • Vietnam
Members
18,000
2013
Surveys
  • Lebanon PMI
  • South Africa PMI
  • US Services PMI
Countries
  • Lebanon
  • South Africa
Members
19,200
2015
Surveys
  • Kenya PMI
  • Malaysia Manufacturing PMI
  • Nigeria PMI
  • Singapore PMI
Countries
  • Kenya
  • Malaysia
  • Nigeria
  • Singapore
Members
20,800
2016
Surveys
  • ASEAN Manufacturing PMI
  • Myanmar Manufacturing PMI
  • Philippines Manufacturing PMI
  • Thailand Manufacturing PMI
Countries
  • ASEAN
  • Myanmar
  • Philippines
  • Thailand
Members
22,300
2017
Surveys
  • Australia Manufacturing PMI
  • Australia Services PMI
  • Ghana PMI
  • Uganda PMI
  • Zambia PMI
Countries
  • Australia
  • Ghana
  • Uganda
  • Zambia
Members
26,000

Data Coverage

*Covered by Markit PMI

Events

IHS Markit Event Jun 12, 2018

The Data and Disruptive Technology Forum

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IHS Markit Event Jul 13, 2018

IHS Markit Compliance Series - The CRS Editio (...)

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IHS Markit Event Jun 14, 2018

IHS Markit Compliance Series - The CRS Editio (...)

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IHS Markit Event Jul 13, 2018

IHS Markit Compliance Series - The CRS Edition

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IHS Markit Event Oct 11, 2018

Pricing and Valuation Conference

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Resources

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