Throughout the month Markit and other agencies release manufacturing PMI which is very important data. The difference is the “flash PMI” is the earliest indicator released each month. It is intended to provide an accurate advance indication of the final PMI data. Because flash PMIs are among the first economic indicators for each month and provide evidence of changing economic conditions ahead of comparable government statistics, they can have a significant effect on currency markets.

By Barry Norman, Investors Trading Academy.

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