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? 

A Only I
B Only I & III
C Only II
D Only II & III
E None of these
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