Purchasing Managers’ Index (PMI)

Posted on October 7, 2022 by admin1 767

In News

Recently, The PMI data was released which showed that India’s service sector activity has lost growth momentum and eased to a six-month low due to slow new business inflows amid inflationary pressures and competitive conditions.

About Purchasing Managers’ Index (PMI)

The PMI data is released at the beginning of every month.
It is an indicator of the overall health of the economy.
The purchasing managers’ index (PMI) is an economic indicator based on surveys of businesses in a given sector.
The most common PMI surveys are the manufacturing PMI and the services PMI.
- It is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.

Source: IE

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