{"id":8880,"date":"2022-10-03T06:32:44","date_gmt":"2022-10-03T01:02:44","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=8880"},"modified":"2025-06-30T11:14:56","modified_gmt":"2025-06-30T05:44:56","slug":"purchasing-managers-index","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/purchasing-managers-index\/","title":{"rendered":"Purchasing Managers&#8217; Index"},"content":{"rendered":"<h2><strong>About:<\/strong><\/h2>\n<ul>\n<li>It was the 15th straight month the figure was above the 50-mark separating growth from contraction.\u00a0<\/li>\n<li>The survey pointed out that Indian businesses become more confident in the outlook as inflation worries were tamed.<\/li>\n<li>The overall level of positive sentiment seen in September was the best in over seven-and-a-half years, according to the survey.\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Purchasing Managers\u2019 Index<\/strong><\/h2>\n<ul>\n<li>Purchasing Managers\u2019 Index or PMI is an economic indicator, which is derived after monthly surveys of different companies.<\/li>\n<li>The index shows trends in both the manufacturing and services sector.<\/li>\n<li>The index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same.<\/li>\n<li>It is used to provide information regarding the current and future business conditions.<\/li>\n<li>PMI is one of the closely watched indicators of business activity and helps in predicting the economic health of a country.<\/li>\n<li>There are two types of PMI \u2014 Manufacturing PMI and Services PMI. A combined index is also made using both manufacturing PMI and services PMI.<\/li>\n<li>A PMI number greater than 50 indicates expansion in business activity. A number less than 50 shows contraction. The rate of expansion is also judged by the difference from the mid-point (50) and also by previous month\u2019s data.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/www.livemint.com\/economy\/india-factory-growth-cools-to-3-month-low-in-september-pmi-11664773433339.html\" target=\"_blank\" rel=\"nofollow noopener\">Mint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PMI is an index of the prevailing direction of economic trends in the manufacturing and service sectors.<\/p>\n","protected":false},"author":5,"featured_media":8881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-8880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=8880"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/8881"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=8880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=8880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=8880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}