PMI Composite Flash · S&P Global Flash PMI
Definition
S&P Global’s preliminary “flash” purchasing-managers indexes for manufacturing and services, based on ~85% of survey responses, released before month-end.
Why investors care
The flash is the earliest broad read on current-month activity across major economies, often setting the tone before official data.
What to watch
The services flash and its prices components are the market-movers; it leads the official ISM by days.