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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