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INTRODUCTION
This BLOG provides a comprehensive overview of the ISM Manufacturing Purchasing Managers’ Index (PMI) and its significance in the global economy. We will explore the key components of the PMI, its impact on various sectors, and how it can be used as a leading indicator. Join us as we delve into the world of manufacturing PMI.
WHAT IS ISM Manufacturing PMI
ISM Manufacturing PMI is a monthly survey that measures the economic health of the manufacturing sector. It provides valuable insights into factors such as new orders, production, employment, supplier deliveries, and inventories. The index is based on a scale of -100, where a reading above 50 indicates expansion and below 50 suggests contraction. Understanding the ISM Manufacturing PMI is crucial for assessing the overall economic performance.
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