Bloomberg announced today that it has entered into a distribution agreement to integrate Markit's Purchasing Managers' Index (PMI) data into the Bloomberg Professional service.
Markit's PMI surveys are leading indicators of business and economic conditions and influence a wide range of global markets. Conducted in more than 30 nations, these surveys are viewed as the most timely and internationally comparable economic datasets.
Through this agreement, Bloomberg will provide its 319,000 subscribers with real-time access to Markit's headline PMI data, along with three years of headline PMI historical data. Customers who subscribe to Markit's full underlying PMI dataset also will have immediate access through Bloomberg to the complete historical time series as well as sub-indexes for variables such as new orders, employment, inventories and input/output prices, and Markit's recently launched Sector PMI survey data.
"Markit's PMI surveys are among the most-watched economic releases in the world and we are excited to offer all of our clients real-time access to the headline PMI figures," said Jean-Paul Zammitt, head of sales and product for the Bloomberg Professional service. "This agreement also provides our common customers with deep integration of Markit's complete PMI dataset and history into Bloomberg's powerful platform for economic and market analytics."
The PMI data will be available on the Bloomberg Professional service to coincide with the release of the Flash PMI survey data on March 24, 2014.
The addition of PMI survey data further expands Bloomberg's economics offering, which integrates economic, market and industry data with advanced analytics and real-time news and analysis. Using Bloomberg's Economics Workbench, customers can analyze correlations across economic, industry and market data sets and perform advanced manipulations, easily exporting results to Excel or presentation tools. Consensus forecasts are available across countries and regions, and a team of Bloomberg Economists and industry experts produce real-time analysis and daily Economics Brief newsletters.
Bloomberg subscribers can access Markit's PMI surveys via the Bloomberg Professional service at PMI. Existing Markit customers can immediately enable access to the underlying datasets and history.
Purchasing Managers' Index™ and PMI™ are either trademarks of Markit Economics Limited or licensed to Markit Economics Limited.