Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect: Actual > Forecast = Good for currency;
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 current and relevant insight into the company's view of the economy;
Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Usual Effect: Actual > Forecast = Good for currency;
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 current and relevant insight into the company's view of the economy;
Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
