Published on: November 5, 2022

Purchasing Managers’ Index (PMI )

Purchasing Managers’ Index (PMI ) Why in news?

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Purchasing Managers’ Index

  • It is an index of the prevailing direction of economic trends in the manufacturing and service sectors.
  • It consists of a diffusion index that summarizes whether market conditions, as viewed by purchasing managers, are expanding, staying the same, or contracting.
  • The purpose of the PMI is to provide information about current and future business conditions to company decision makers, analysts, and investor
  • The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream
  • The value and movements in the PMI and its components can provide useful insight to business decision makers, market analysts, and investors, and is a leading indicator of overall economic activity in the U.S.
  • Released by : Institute for Supply Management (ISM).
  • Performance : The headline PMI is a number from 0 to 100. Above 50 IS expansion and under 50 represents a contraction, and a reading at 50 indicates no change