PMI (Purchasing Managers' Index)

A monthly survey of purchasing managers' sentiment — leading indicator of economic activity.

In depth

Above 50 = expansion; below 50 = contraction. Manufacturing PMI and Services PMI tracked separately. ISM (US), HCOB (Eurozone), Caixin (China), S&P Global cover all major economies. Among the most reliable real-time growth indicators.

Related terms

GDP (Gross Domestic Product)

The total value of goods and services produced in an economy over a period.

ISM

Institute for Supply Management — publishes US manufacturing and services PMI surveys.

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