Published on: May 3, 2022

PURCHASING MANAGERS’ INDEX

PURCHASING MANAGERS’ INDEX

where to buy Latuda NEWS : Campina Grande S&P Global India Manufacturing Purchasing Managers’ Index recently released

WHAT IT SAYS

The report sees a expansion in Indian economy

ABOUT PMI

  • Survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month
  • Derived from a series of qualitative questions

How does one read the PMI?

  • A figure above 50 denotes expansion in business activity
  • Anything below 50 denotes contraction
  • Higher the difference from this mid-point greater the expansion or contraction. The rate of expansion can also be judged by comparing the PMI with that of the previous month data
  • If the figure is higher than the previous month’s then the economy is expanding at a faster rate
  • If it is lower than the previous month then it is growing at a lower rate.