PMI (Purchasing managers’ index) explained | The fastest economic pulse check
We break down PMI - the purchasing managers’ index, one of the fastest and most reliable indicators of economic activity. If you want to know whether the economy is expanding or slowing right now, PMI is the number to watch.
Example:
If PMI rises from 48 to 52, it shows that businesses are receiving more orders, increasing production, and possibly hiring more people - a clear sign of economic expansion.
PMI gives you a quick, real-time pulse check of the market long before GDP figures are released.
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