Financial Times FT.com

Markit acquires PMI indicators

By Sarah O’Connor and Robert Cookson

Published: April 10 2008 22:44 | Last updated: April 10 2008 22:44

Markit Group has captured a key set of global macro-economic indicators after the third-party data provider struck a deal to buy the company that produces the Purchasing Managers Index surveys.

The PMI surveys are monthly indicators of business conditions in manufacturing, construction and service sectors across 26 countries that are closely-watched by central banks and have the power to move markets dramatically.

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