Purchasing Managers Index (PMI)
The Purchasing Managers' Index (PMI) is a form of economic data that shows how busy purchasing managers are in the service and industry sectors. It gives information about things like new orders, output, jobs, deliveries from suppliers, and stock levels. numbers of the PMI above 50 mean that the sector is growing, while numbers below 50 mean that it is shrinking. PMI data is used by businesses, investors, and lawmakers to figure out how healthy an economy is and where it's going.
The Purchasing Managers' Index (PMI)
This is an indicator based on a poll where the respondents—usually purchasing managers—say how their business's view of the previous month changed. For the service and manufacturing areas, there is a separate survey. The survey results have been put together on a single index. New orders, output, business expectations, and employment are some of the common topics that are mentioned in the survey.
The PMI number moves around 50 most of the time. A reading above 50 means the economy is growing, and a reading below 50 means it is shrinking. And a number of 50 means that the economy hasn't changed.
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Table of Contents : Market Movers: Exploring Key Events and Their Influence on Markets 1. Exploring Key Events and Trends 2. Monetary Policy(Tool Through Which Controls the Money Supply) 3. Inflation(the purchasing power of money) 4. Index of Industrial Production (IIP) 5. Purchasing Managers Index (PMI) 6. Budget - an Event of Ministry of Finance |
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