Current Affairs
Daily Bits

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.

Verifying, please be patient.

X