Flash services PMI

Flash services PMI,

Definition of Flash services PMI:

  1. Markit Economics publishes the services PMI monthly. Data is based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing and IT, hotels and restaurants. .

  2. Flash services PMI is an early estimate of the Services Purchasing Managers' Index (PMI) for a country, designed to provide an accurate advance indication of the final services PMI data.

  3. An estimate of total responses to a survey of purchasing managers in the services sector. The Purchasing Managers Index expresses economic conditions in the sector. The monthly flash report is an advanced indicator based upon roughly 85% of the expected survey responses.

Meaning of Flash services PMI & Flash services PMI Definition