Purchasing Manager’s Index (PMI)
- Posted By
10Pointer
- Categories
Economy
- Published
11th Oct, 2020
-
- PMI is an indicator of business activity- in the manufacturing and services sectors.
- It is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month.
- The PMI is a number from 0 to 100
- PMI above 50 represents an expansion when compared to the previous month;
- PMI under 50 represents a contraction, and
- A reading at 50 indicates no change.
