PMI

PMI, or Purchasing Managers' Index, is an economic indicator that reflects the health of the manufacturing and service sectors. It is based on surveys of purchasing managers, who report on new orders, production levels, employment, supplier delivery times, and inventories. A PMI above 50 indicates expansion in the sector, while below 50 suggests contraction. This index helps economists and businesses gauge economic trends in real-time, making it a valuable tool for assessing economic growth or slowing down without waiting for official reports.