Sunday, October 23, 2011 EST

Purchasing Managers Index (PMI) is a very important sentiment reading, not only for manufacturing, but also the economy as a whole. Although U.S. manufacturing is not the huge component of total gross domestic product (GDP) that it once was, this industry is still where recessions tend to begin and end. For this reason, the PMI is very closely watched, setting the tone for the upcoming month and other indicator releases.

You can now find the Purchasing Managers Index (PMI) on MTR Investors Group plotted as a chart to compare with the S&P 500. This in addtion to the MTR Economic Model (MTR-EM) will help to provide a longer term view of market direction.

Click here for the interactive PMI Chart