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Purchasing Managers’ Index

Kumari Sonali

Purchasing Managers’ Index:

India’s Purchasing Managers’ Index (PMI) rose for first time after three quarters.

  • It is an indicator of business activity – both in the manufacturing and services sectors.
  • It is a survey-based measure that asks the respondents about changes in their perception of some key business variables from the month before.
  • It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
  • The index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same.
  • There are two types of PMI — Manufacturing PMI and Services PMI.
  • PMI data for India is released by S&P Global, a global major in financial information and analytics.

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