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With reference to Purchasing Managers’ Index(PMI), consider the following statements:
1. It is a survey-based measure.
2. It is calculated for the services sectors only.
3. PMI is compiled by IHS Markit for economies worldwide.
Which of the statements given above is/are correct ?
  • a)
    2 and 3 only
  • b)
    1 and 2 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to Purchasing Managers’ Index(PMI), consider the ...
  • It is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month. Hence, statements 1 is correct.
  • The purpose of the PMI is to provide information about current and future business conditions to company decision makers, analysts, and investors.
  • It is calculated separately for the manufacturing and services sectors and then a composite index is also constructed. Hence, statement 2 is not correct.
  • PMI is compiled by IHS Markit for more than 40 economies worldwide.
    • IHS Markit is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide. Hence, statement 3 is correct.
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With reference to Purchasing Managers’ Index(PMI), consider the following statements:1. It is a survey-based measure.2. It is calculated for the services sectors only.3. PMI is compiled by IHS Markit for economies worldwide.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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With reference to Purchasing Managers’ Index(PMI), consider the following statements:1. It is a survey-based measure.2. It is calculated for the services sectors only.3. PMI is compiled by IHS Markit for economies worldwide.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to Purchasing Managers’ Index(PMI), consider the following statements:1. It is a survey-based measure.2. It is calculated for the services sectors only.3. PMI is compiled by IHS Markit for economies worldwide.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Purchasing Managers’ Index(PMI), consider the following statements:1. It is a survey-based measure.2. It is calculated for the services sectors only.3. PMI is compiled by IHS Markit for economies worldwide.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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