Question
With reference to the Purchasing Managers’ Index,
consider the following statements: I. The index shows trends in both the manufacturing and services sector. II. A PMI number greater than 50 indicates contraction in business activity. III. The survey is conducted by S&P Global . Which of the following statements is/are correct?ÂSolution
The Manufacturing Purchasing Managers' Index, compiled by S&P GlobalThe index shows trends in both the manufacturing and services sector.A PMI number greater than 50 indicates expansion in business activity. A number less than 50 shows contraction.Â
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