This page shows the Purchasing Managers' Indices (PMI) for the manufacturing and services sector, as well as a heat map of various markets to gauge activity levels. A reading above 50 indicates expansion, below 50 indicates contraction. The PMI is a popular high frequency indicator used to gauge what is happening in the economy. Business and market conditions can change quickly based on global or local events and the results of PMI surveys and other data can give us clues on whether we expect to see activity accelerate or decelerate.