TOKYO & LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)--Markit Ltd. (Nasdaq:MRKT), a leading global diversified provider of financial information services, today announced that Nikkei Inc., a leading Japanese media corporation, is sponsoring its closely watched Asia PMITM surveys. The Markit-compiled PMI surveys are leading indicators of economic conditions.
The sponsorship includes ten PMI surveys in the Asia Pacific region with Nikkei branding the following, existing surveys: Hong Kong Whole Economy PMI; India Manufacturing PMI and India Services PMI; Indonesia Manufacturing PMI; Japan Manufacturing PMI and Japan Services PMI; South Korea Manufacturing PMI; Taiwan Manufacturing PMI; Vietnam Manufacturing PMI; Asia Sector PMI series; and two new PMI surveys for Malaysia Manufacturing and Singapore Whole Economy.
Nikkei and Markit will partner to create additional PMI surveys for the region. The two companies also plan to collaborate on other index initiatives as well as digital content.
Kevin Gould, president of Markit, said: “The Markit PMI surveys are among the most closely watched macroeconomic indicators in the world. As part of our partnership, we will continue to provide high quality data on the global economy while leveraging Nikkei’s strong brand in the Asia Pacific region.”
Compiled by Markit, the Asia PMI series are based on data collected monthly from 5,000 purchasing or other senior managers in the region. The PMI surveys provide advance indications of economic developments by tracking variables such as new orders, employment and prices based on first hand interviews with panels of companies that closely represent economic sectors.
Notes to Editors
About Markit
Markit is a leading global diversified provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 3,500 people in 10 countries. Markit shares are listed on Nasdaq under the symbol MRKT. For more information, please see www.markit.com.
About Nikkei
Nikkei Inc. is the largest independent business media group in Asia. We act as an operating holding company with newspaper businesses as a core. Group operations range from books, magazines to digital media, database services, broadcasting and other activities such as economic/cultural events. Our goal is nothing short of making Nikkei the leading media voice on Asia. We continue to cultivate our expertise on Asian news and topics with services such as the English language news service Nikkei Asian Review, ASEAN 100 and India 40.