PMI reports December 2014


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 PMI reports December 2014

The Lloyds Bank Regional Purchasing Managers' Index (PMI) features original survey data collected from a representative panel of companies based in the appropriate England and Wales region. Firms questioned operate in manufacturing and service sectors.

The reports are produced by Markit Economics and are based on its economic research across the UK through the PMI national and regional surveys.

The regional surveys provide an advance indication of what is really happening in the private sector economy by tracking variables such as output, new orders, employment and prices. They are based on fact, not opinion, and are the first indicators of economic conditions each month.

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 More about the Index

Questionnaires are completed in the latter half of each month and are collected and processed by economists at Markit Economics. Respondents are asked to state whether business conditions for a number of variables have improved, deteriorated or stayed the same compared with the previous month.

Index numbers are calculated from the percentages of respondents reporting an improvement, no change or decline. These indices vary between 0 and 100 with readings of exactly 50.0 signalling no change on the previous month. Readings above 50.0 signal an increase or improvement; readings below 50.0 signal a decline or deterioration. Markit, PMI and Purchasing Managers' Index are all trademarks owned by The Markit Group.

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