The PMI stands for Purchasers Managers Index. The research firm Markit surveys managers of private companies and asks questions about five different topics. These topics are New orders, Output, Employment, Suppliers' delivery times and Stocks of purchases. When the index is at 50 there is no change. Anything below 50 means a decline in activity; similarly above 50 means an increase. This picture shows the data for November 2011.
Hi Reinoud,
ReplyDeleteI think there is fault in your text:
When the index is at 50 there is no change. Anything below 50 means a decline in activity; similarly below 50 means a an increase.
This should be:
similarly above 50 means a an increase.
Keep up the good work.
Sjoerd
Thanks Sjoerd. You are right.
ReplyDeleteI have corrected it.