1. The Purchasing Managers Index (PMI) is a measure of the prevailing direction of economic trends in manufacturing.
2. The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.
3. The value and movements in the PMI and its components can provide useful insight to business decision makers, market analysts, and investors, and is a leading indicator of overall economic activity in the U.S.
