Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “Purchasing Managers' index”

Purchasing Managers' index

noun [S]
 
 
( abbreviation PMI) ECONOMICS
a measurement of economic activity, based on how many purchasing managers in particular industries say that there has been an increase in activity in the past month. An index of more than 50% means that the economy is growing: A PMI of 53.4 indicates that the growth rate of the manufacturing sector slowed compared to the previous month.
(Definition of Purchasing Managers' index from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of Purchasing Managers' index?
Add Cambridge dictionaries to your browser to your website

Word of the Day

see the light of day

When something sees the light of day, it appears for the first time.

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More