sector, declining for a tenth consecutive month and at the sharpest rate since July 2012. A result that values above 50 signals appreciates (or is bullish for) the GBP, whereas a result that values below 50 is seen as negative (or bearish). Technically, the pair looks to extend its consolidative mode near.3070 levels. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.
The PMI is based on five major survey areas: new orders, inventory levels, production, supplier deliveries and employment. The surveys include questions about business conditions and any changes, whether it be improving, no changes or deteriorating. P3 percentage of answers reporting a deterioration. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. If the manufacturer's new orders are growing, meilleur flux d'informations forex gratuit for example, it may raise customer prices and accept price increases from its suppliers.
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