Purchasing Managers Index (PMI)
What is PMI? The Purchasing Managers Index is a survey-based gauge of business conditions in manufacturing and services, and a leading indicator for forex.
Purchasing Managers Index (PMI) is a survey-based indicator that measures business conditions in manufacturing and services sectors.
A PMI reading above 50 indicates expansion, below 50 indicates contraction. It is a leading indicator because purchasing managers are first to see supply chain changes.