PMI, Purchasing Manager's Index

Purchasing Manager's Index or PMI is widely used by industrialized economies to assess business confidence.

Germany, Japan and the UK use PMI surveys for both manufacturing and services industries. The numbers are arrived at through a series of questions regarding Business activity, New Business, Employment, Input Prices, Prices Charged and Business Expectations.

In addition to the headline figures, the prices paid components is highly scrutinized by the markets for evaluating pricing power and inflationary risks.

ECONOMIC CALENDARS
DATE	TIME	COUNTRY	EVENT	FORECAST	PREVIOUS
07/21/08	3:15am	Switzerland	PPI m/m	0.4%	1.2%
07/21/08	4:45am	United Kingdom	BOE Governor King Speaks
	8:30am	Canada	Core Retail Sales m/m	0.8%	1.1%
	9:30pm	Australia	CPI q/q	1.2	1.3%
07/23/08	4:30am	United Kingdom	MPC Meeting Minutes	8-1 hld	8-1 hld
	7:00am	Canada	Core CPI m/m	0.2%	0.3%
	5:00pm	New Zealand	Monetary Policy Statement
	5:00pm	New Zealand	Official Cash Rate	8.25%	8.25%
07/24/08	4:00am	Eurozone	German Ifo Business Climate Index	100.2	101.3
	4:30am	United Kingdom	Retail Sales m/m	-2.5%	3.5%
	10:00am	United States	Existing Home Sales	4.93M	4.99M
07/25/08	4:30am	United Kingdom	Prelim GDP q/q	0.2%	0.3%
	8:30am	United States	Core Durable Goods Orders m/m	-0.2%	-0.9%
	10:00am	United States	New Home Sales	508K	512K

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