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The JP Morgan Global Services PMI is based on data compiled from questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories, and prices.
JP Morgan Global services PMI trend
Global JP Morgan global services PMI trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the Global jpmorgan global services pmi has recorded new highs or lows. Global JP Morgan global services pmi trend change is assumed when the specific indicator has recorded a 3-month high / low or more.
JP Morgan Global services PMI momentum
Global jpmorgan global services pmi momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.