The HSBC Composite PMI provides a comprehensive snapshot of the health of both the manufacturing and service sectors. It is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. A reading above 50 indicates expansion in the overall private sector economy, while a reading below 50 signals contraction. This indicator is highly regarded by investors as a timely precursor to official GDP data.
The index is calculated by taking a weighted average of the manufacturing and services indices based on their relative contribution to the economy. Data is collected through monthly surveys sent to purchasing managers in hundreds of private sector companies.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jun 3, 2015 | 42.90 | — | — |
| May 6, 2015 | 44.20 | — | — |
| Apr 6, 2015 | 47.00 | 49.50 | -2.50 |
| Mar 4, 2015 | 51.30 | — | — |
| Feb 4, 2015 | 49.20 | — | — |
| Jan 6, 2015 | 49.20 | 49.40 | -0.20 |
| Feb 5, 2014 | 49.90 | — | — |
| Jan 6, 2014 | 51.70 | — | — |
