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Advantages of PMI reports
Keeping up-to-date with general economic conditions forms an essential
part of many job roles, particularly business planning, purchasing, sales
& marketing and forecasting.
A large number of economic reports are produced by many companies
and organisations. However, many of these sources have drawbacks:
- Partiality:
analysis produced by banks and similar institutions may be biased to reflect the interests of the publisher. Media comment may in particular reflect political bias.
Markit is completely impartial, having no commercial interests
or objectives besides the provision of accurate business trend
information.
- Relevance:
much filtering may be required to find information that
is truly relevant to the reader’s business needs. Analysis can also
often be out of date by the time it has been published.
Our reports contain only information that is relevant to the
reader, based on data provided by the industry itself.
- Use of jargon:
not everyone has a background in economics and
some reports are full of jargon and complex analysis.
We use plain English in our reports, recognising that our readers range from corporate economists to business people with little or no knowledge of economics, but who just want to know what’s going on in the economy.
- Conciseness:
many reports are simply too long for the average
busy business user, who just wants a quick overview.
We keep text and report length to a minimum, even providing a
monthly one-figure overview (the “PMI”) if that is all you need.
Using the PMI reports to get a general overview
Panel members are sent complimentary copies of the survey reports
each month. The front covers of our reports include a short overview
of the latest monthly survey highlights, with a headline number (the
PMI) providing an at-a-glance summary of business conditions that
month, allowing users to quickly see if general business conditions are
improving or deteriorating, and whether – for example – growth has
peaked.
More details on all of the survey findings, including prices, employment, capacity, stock levels and other key business trends, are provided inside the reports and are accompanied by charts and tables. Our brief guide can help you better understand how to
interpret the PMI indicators.
It is often important to keep up to date not just with business conditions
in your own country and sector, but to also monitor global trends.
In this respect, we now produce monthly reports in all of the main
economies of the world (see data coverage). Reports provide the most up-to-date overview of worldwide and European trends available, including international comparisons and comparisons with official national data, illustrating the reliable track record of the PMIs.
Panel members have free access to all of these reports.
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