2014 Economic Calendar
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PMI Manufacturing Index  
Released On 7/1/2014 9:45:00 AM For Jun, 2014
PriorConsensusConsensus RangeActual
Level56.4 57.0 56.8  to 57.7 57.3 

June was a very strong month for Markit's US manufacturing sample where the PMI came in at 57.3 vs 57.5 in the mid-month flash reading and compared to 56.4 in May. New orders, centered nearly entirely on domestic demand, lead the report, at 61.2 vs an already very strong 58.8 in May. Backlog orders are unchanged at 56.0 which is very strong for this reading. Lagging behind are export orders which barely show any monthly growth, at 50.6.

Output, at 61.0, is already very strong and looks to strengthen further given the strength in orders. Employment also looks to strengthen though growth here currently remains no better than moderate, at 54.0. Inventories are being drawn down while price pressures, though moderate, are firming slightly, to 57.6 for input prices vs May's 56.4 and at 52.1 for output prices vs 50.4.

The manufacturing sector is right at the forefront of the nation's economy. Watch for the ISM report coming up at 10:00 a.m. ET this morning. The Dow is moving to opening highs following today's report.

Consensus Outlook
The Markit PMI manufacturing flash index for June came in at 57.5 versus 56.4 in final May and 56.2 for the May flash. June's flash report was led by new orders, at a very strong 61.7 for a 2.9 point acceleration from final May. Backlog orders were up 9 tenths to 56.9 which was particularly strong for this reading. These order readings point in the months ahead to a rising rate of output which is already very strong at 61.0 for a 1.4 point rise.

Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across manufacturing industries. The final index for the current month is released roughly a week after the flash.  Why Investors Care

2014 Release Schedule
Released On: 1/22/33/34/15/16/27/18/19/210/111/312/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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