Q. Consider the following statements regarding Purchasing Manufacturer’s Index (PMI):
1. Purchasing Managers’ Index (PMI) is an indicator of business activity in the manufacturing sector only
2. It is published by FICCI in association with Quality Council of India
Which of the above statements is/are correct?
About Purchasing manager’s Index:
- PMI or Purchasing Managers’ Index (PMI) is an indicator of business activity both in the manufacturing and services sectors. It indicates the economic health and investor’s sentiments about the manufacturing and services sectors of the country.
- Publisher: PMI data is compiled by Markit Economics and published by the Japanese firm Nikkei. PMI is calculated separately for both Manufacturing (Manufacturing PMI) and Services sectors (Services PMI) and then a composite index is published.