[macro outlook] pay attention to the initial PMI value of Markit manufacturing industry in the United States in November

SMM11 March 22: today's focus on the initial value of Markit manufacturing PMI in the United States in November.

Euro zone manufacturing PMI in November, manufacturing purchasing managers' index often takes 50 as the dividing line between economic strength and weakness: when the index is higher than 50, it is considered that economic expansion will be good for the euro; conversely, when the index is below 50, it will be bad for the euro.

The initial value of Markit manufacturing PMI in November in the United States, the manufacturing purchasing managers' index reflects the comprehensive development of the American manufacturing industry. As the manufacturing industry accounts for a large proportion of the GDP of the United States, the manufacturing purchasing managers' index is also an important indicator to evaluate the business environment and the overall economic situation of the United States. Purchasing managers' indices often take 50 as the dividing line: when the index is higher than 50, it is considered that economic expansion will be good for the dollar; on the contrary, when the index is below 50, it will be bad for the dollar.

The initial value of Markit service industry PMI in November in the United States. Markit service industry PMI is an index to measure the change of business environment in American service industry within a specified month. This indicator is based on a monthly survey of purchasing managers working in the private sector of the service sector in the United States. Service PMI is one of the most popular indices closely followed by American economists. It provides operational information covering the entire service industry and accounts for the largest share of the gross national product (GNP). It is interpreted as a leading indicator of service sector activity and inflation. The growth of PMI in the service sector indicates favorable market conditions and can be seen as favorable for the dollar.