Daily Forex Fundamentals | Written by The LFB-Forex.com | Aug 05 08 08:16 GMT |
Actual 48.3, Expected 48.3, Previous 48.3
Release Explanation: Measures the activity level of Purchase Managers, they are surveyed on production, employment, inventories, orders, delivery data.The PMI is split into reads on Manufacturing, Service, and Construction industries.
A read over 50 denotes growth. As an indicator of economic performance the PMI has the ability to easily affect currency valuations as Institutions re-align existing positions, or build new, on the strength of these reports.
The LFB-Forex.com
Tuesday, August 5, 2008
Euro-Area Service PMI
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