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Podcast: Beyond Currency
Episode: 23 April 2021 - Manufacturing outlook highest in a generation
Description: "Data will be released later this morning that will show just how powerful the recovery has been as the economy begins to reopen.
Markit Economics will release Purchasing Managers Indexes for both services and manufacturing. Given the 80/20 spilt between services activity and manufacturing activity, the services PMI naturally carries significantly more weight than the manufacturing number.
It is expected that both will see significant rises. The data is a measure of expansion or contraction with a read below 50 signifying contraction and above 50 expansion.
Manufacturing output which accounts for 20% of economic output is expected to have risen marginally while services, which...