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With reference to the Purchasing Managers’ Index, consider the following statements:
1. The index shows trends in both the manufacturing and services sector.
2. A PMI number greater than 50 indicates contraction in business activity.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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With reference to the Purchasing Managers’ Index, consider the f...
The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 55.1 in September from 56.2 in August 2022.
- It was the 15th straight month the figure was above the 50-mark separating growth from contraction.
- The survey pointed out that Indian businesses become more confident in the outlook as inflation worries were tamed.
- The overall level of positive sentiment seen in September was the best in over seven-and-a-half years, according to the survey.
Purchasing Managers’ Index
- Purchasing Managers’ Index or PMI is an economic indicator, which is derived after monthly surveys of different companies.
- The index shows trends in both the manufacturing and services sector.
- The index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same.
- It is used to provide information regarding the current and future business conditions.
- PMI is one of the closely watched indicators of business activity and helps in predicting the economic health of a country.
- There are two types of PMI — Manufacturing PMI and Services PMI. A combined index is also made using both manufacturing PMI and services PMI.
- A PMI number greater than 50 indicates expansion in business activity. A number less than 50 shows contraction. The rate of expansion is also judged by the difference from the mid-point (50) and also by previous month’s data.
Hence only statement 1 is correct.
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With reference to the Purchasing Managers’ Index, consider the following statements:1. The index shows trends in both the manufacturing and services sector.2. A PMI number greater than 50 indicates contraction in business activity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Purchasing Managers’ Index, consider the following statements:1. The index shows trends in both the manufacturing and services sector.2. A PMI number greater than 50 indicates contraction in business activity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Purchasing Managers’ Index, consider the following statements:1. The index shows trends in both the manufacturing and services sector.2. A PMI number greater than 50 indicates contraction in business activity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Purchasing Managers’ Index, consider the following statements:1. The index shows trends in both the manufacturing and services sector.2. A PMI number greater than 50 indicates contraction in business activity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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