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S&P Global Composite PMI Flash

Name: S&P Global Composite PMI Flash
Creator: TipRanks

The S&P Global Composite PMI Flash is an economic indicator that measures the activity level of purchasing managers in both the manufacturing and services sectors in the USA. It provides a timely snapshot of business conditions, with a reading above 50 indicating expansion and below 50 indicating contraction. This index is important as it helps investors and policymakers gauge the health of the economy, influencing monetary policy and financial markets. Typically, a strong PMI can boost market confidence, while a weak reading may lead to concerns about economic slowdown.