Flash Manufacturing PMI

DEFINITION of 'Flash Manufacturing PMI'

An estimate of the Manufacturing Purchasing Managers' Index (PMI) for a country, based on about 85% of total PMI survey responses each month. It is intended to provide an accurate advance indication of the final PMI data. Because flash PMIs are among the first economic indicators for each month and provide evidence of changing economic conditions ahead of comparable government statistics, they can have a significant effect on currency markets.

BREAKING DOWN 'Flash Manufacturing PMI'

PMIs are based on monthly questionnaire surveys of selected companies that provide an advance indication of the performance of the private sector. This is achieved by tracking changes in variables such as output, new orders and prices across the manufacturing, construction, retail and service sectors.

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RELATED FAQS
  1. What are the different types of private mortgage insurance (PMI)?

    Private mortgage insurance (PMI) is an insurance policy that protects lenders from the risk of default and foreclosure, and ... Read Answer >>
  2. On average, what can I expect my private mortgage insurance (PMI) rate to be?

    Learn the several factors that come into play when insurance companies determine the private mortgage insurance rate for ... Read Answer >>
  3. Why do I need to pay private mortgage insurance (PMI)?

    The extra interest payments caused by private mortgage insurance may seem excessive, but there's a good reason lenders need ... Read Answer >>
  4. How do I refinance my home without paying PMI?

    I received one loan of $222,000 and a second of $22,000. I would like to refinance my home, but I do not want to pay PMI. ... Read Answer >>
  5. Do FHA loans have private mortgage insurance (PMI)?

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