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Revised Comprehensive Economic Activity Index in the US

Country:
USDUnited States
Importance:
★★
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Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About Revised Comprehensive Economic Activity Index in the US

The revised value of the Composite Purchasing Managers' Index (PMI) is a comprehensive indicator that evaluates the economic activity of both the manufacturing and services sectors in the United States. This data is released monthly by IHS Markit and represents the final figures adjusted from the preliminary estimates.

The PMI is calculated based on several components including new orders, production, employment, and inventories. A PMI above 50 indicates economic expansion, while a PMI below 50 indicates economic contraction. The revised value, based on data collected from purchasing managers of various businesses, provides a more accurate reflection of the economic situation than the preliminary value.

This data is crucial for policymakers to assess the current state of the economy and formulate appropriate economic policies. Additionally, it serves as an important source of information for businesses and investors to understand economic trends and make informed forecasts.

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