Manufacturing PMI
Purchasing Managers' Index for the factory sector.
The Manufacturing PMI is a diffusion index summarizing economic activity in the manufacturing sector. It is derived from monthly surveys of private sector companies.
The Magic Number 50
A reading above 50 indicates expansion of the manufacturing sector compared to the previous month; below 50 represents contraction.
Key Takeaways
Highly sensitive leading indicator.
Impacts commodity prices.
Global standard for industrial health.
Related Terms
Manufacturing PMI
Purchasing Managers' Index for the factory sector.
The Manufacturing PMI is a diffusion index summarizing economic activity in the manufacturing sector. It is derived from monthly surveys of private sector companies.
The Magic Number 50
A reading above 50 indicates expansion of the manufacturing sector compared to the previous month; below 50 represents contraction.
Key Takeaways
Highly sensitive leading indicator.
Impacts commodity prices.
Global standard for industrial health.
Related Terms
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