FxPro Help Centre - Glossary
PMI (Purchasing Managers’ Index)
Purchasing Managers Index is a leading economic indicator of manufacturing, construction and service sectors. The indicator is derived by surveying a large cross-section of private sector purchasing managers in regards to business conditions including employment production, prices, new orders, deliveries and inventories. A figure above 50.0 indicates that the industry is expanding while a figure below 50.0 indicates that the industry is contracting.