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      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 Correct Answer Incorrect Answer
      B Only I & III Correct Answer Incorrect Answer
      C Only II Correct Answer Incorrect Answer
      D Only II & III Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      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. 

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