Purchasing Managers Index Services
The Purchasing Managers Index (PMI) is a survey-based economic indicator used to measure the performance of the manufacturing and services sectors. It is based on a survey of purchasing managers in the manufacturing and services sectors, and is used to measure the level of business activity in the economy. The PMI is released monthly by the Institute for Supply Management (ISM) in the United States, Markit in the United Kingdom, and the European Commission in the Eurozone. The PMI is also released monthly for France, Germany, and the United Kingdom.
History of the PMI
The PMI was first developed in the United States in the late 1950s by the National Association of Purchasing Managers (NAPM). The NAPM was founded in 1915 and is now known as the Institute for Supply Management (ISM). The PMI was designed to measure the level of business activity in the manufacturing sector, and was later expanded to include the services sector. The PMI is now used by governments, businesses, and economists to measure the health of the economy.
Comparison of PMI Services
| Country | Manufacturing PMI | Services PMI |
|---|---|---|
| France | 50.7 | 50.2 |
| Germany | 51.3 | 51.2 |
| Eurozone | 51.7 | 51.6 |
| United Kingdom | 50.3 | 50.1 |
Summary
The Purchasing Managers Index (PMI) is an important economic indicator used to measure the performance of the manufacturing and services sectors. It is based on a survey of purchasing managers in the manufacturing and services sectors, and is released monthly by the Institute for Supply Management (ISM) in the United States, Markit in the United Kingdom, and the European Commission in the Eurozone. The PMI is also released monthly for France, Germany, and the United Kingdom. For more information about the PMI, visit the websites of the ISM, Markit, and the European Commission.
See Also
- Consumer Price Index (CPI)
- Gross Domestic Product (GDP)
- Employment Cost Index (ECI)
- Retail Sales Index (RSI)
- Industrial Production Index (IPI)
- Consumer Confidence Index (CCI)
- Housing Price Index (HPI)
- Manufacturing Production Index (MPI)
- Business Confidence Index (BCI)
- Leading Economic Indicators (LEI)
