Purchasing managers' index (PMI) · Spain
Spain HCOB Composite PMI
The Spain HCOB Composite PMI is a monthly survey of purchasing managers in Spain that measures whether business activity, new orders, employment and prices are rising or falling.
- महत्व
- Medium
- मुद्रा
- EUR · euro
- केंद्रीय बैंक
- The European Central Bank (with the Banco de España)
नवीनतम आँकड़े
इस रिलीज़ के कोई नतीजे अभी नहीं दिखाए गए हैं। प्रकाशित होते ही वे यहाँ दिखेंगे।
यह क्यों मायने रखता है
PMIs are among the first data published for each month, weeks before official output figures, and they have a good record of tracking GDP. A reading above 50 means growth, below 50 contraction. Flash (preliminary) PMIs for the major economies can move currencies and stock indices strongly.
गणना कैसे होती है
Companies answer whether each item (output, new orders, employment, delivery times, stocks of purchases) is higher, the same or lower than a month earlier. Each answer set becomes a diffusion index; the manufacturing headline is a weighted average of five of them, the services headline is the activity question.
Diffusion index = % higher + ½ × % same
Manufacturing PMI = 0.30 new orders + 0.25 output + 0.20 employment + 0.15 delivery times (inverted) + 0.10 stocksबदलावों का अर्थ
- Above 50 and rising: an accelerating economy, supportive for the euro and local stocks.
- The composite PMI combines manufacturing and services and is the best single guide to GDP.
- Look at new orders (future activity) and prices charged (inflation pressure).
उम्मीद से ज़्यादा: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
उम्मीद से कम: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
संक्षिप्त इतिहास
The PMI method comes from the US purchasing managers' survey of the 1940s; the PMIs now produced for more than 40 countries started in the UK in 1992 and spread across Europe and Asia in the following decades.
प्रश्न
What is the Spain HCOB Composite PMI?
The Spain HCOB Composite PMI is a monthly survey of purchasing managers in Spain that measures whether business activity, new orders, employment and prices are rising or falling.
Why is 50 the key level of a PMI?
It is the point where as many companies report improvement as report deterioration: above it, activity is growing.
केवल शैक्षिक सामग्री, निवेश सलाह नहीं। आँकड़े हमारे कैलेंडर में दर्ज प्रकाशित नतीजे हैं; बताई गई बाज़ार प्रतिक्रियाएँ सामान्य हैं, गारंटीशुदा नहीं।