Purchasing Managers' index Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “Purchasing Managers' index” in the English Dictionary

"Purchasing Managers' index" in Business English

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Purchasing Managers' indexnoun [S]

uk   us   ( abbreviation PMI) ECONOMICS
a ​measurement of ​economicactivity, ​based on how many purchasingmanagers 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 ​growthrate of the ​manufacturingsectorslowed compared to the previous month.
(Definition of Purchasing Managers' index from the Cambridge Business English Dictionary © Cambridge University Press)
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