The Purchasing Managers Index (PMI) is a forward-looking indicator based on monthly surveys of purchasing managers. As a “Diffusion Index”, values above 50 indicate expansion relative to the previous month, and below 50, contraction relative to the previous month. As such, it is a key piece of the economic puzzle. There are several PMI indices: manufacturing, services and composite. In this piece, the focus is on PMI Manufacturing
Global Manufacturing: The Canary in the Coal Mine
Global Manufacturing: The Canary in the Coal…
Global Manufacturing: The Canary in the Coal Mine
The Purchasing Managers Index (PMI) is a forward-looking indicator based on monthly surveys of purchasing managers. As a “Diffusion Index”, values above 50 indicate expansion relative to the previous month, and below 50, contraction relative to the previous month. As such, it is a key piece of the economic puzzle. There are several PMI indices: manufacturing, services and composite. In this piece, the focus is on PMI Manufacturing