Purchasing Managers' index - definition in the Business English Dictionary - Cambridge Dictionaries Online

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

lateral thinking

a way of solving a problem by thinking about it in a different and original way and not using traditional or expected methods

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More