What is manufacturing PMI?

Purchasing Managers’ Index or PMI is an economic indicator, which is derived after monthly surveys of different companies. The index shows trends in both the manufacturing and services sector.

What is Purchasing Managers' Index (PMI)?

Purchasing Managers’ Index or PMI is an economic indicator, which is derived after monthly surveys of different companies. The index shows trends in both the manufacturing and services sector. The index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same.

What is the ISM manufacturing Index (PMI)?

The ISM manufacturing index or PMI measures the change in production levels across the U.S. economy from month to month. The report is released on the first business day of each month. Thus, it is one of the earliest indicators of economic activity that investors and business people get regularly.

What is the difference between a PMI and a report on business?

The PMI condenses the health of the U.S. manufacturing sector into a single number, while the Report on Business contains a wealth of information on main business activities. The PMI only covers the manufacturing sector, whose importance to the U.S. economy has diminished over the years.