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What May 2016 PMI Data Tell Us About Future Forex Values

What May 2016 PMI Data Tell Us About Future Forex Values

4 Years ago | June 02, 2016 00:00:00

John M. Bland, MBA

The May Manufacturing PMI's for major economies have just been released this week. Even though most of the major economies are dominated by their service sectors, I prefer to use the traditional manufacturing indices because they tend to respond more quickly to changes in economic activity. For the comparative charts, I smooth the monthly data by using three month moving averages to make the underlying trends stand out more clearly.

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