Measures Level of a diffusion index based on surveyed purchasing managers in the construction industry;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, on the second business day after the month ends;
Next Release
Aug 2, 2017Notes Above 50.0 indicates industry expansion, below indicates contraction;
Why Traders
Care It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most curr…