About Manufacturing PMI

The Purchasing Managers' Index (PMI) is a key economic indicator derived from monthly surveys of private sector companies. For the manufacturing sector, it reflects business conditions based on variables like new orders, output, employment, suppliers' delivery times, and stock of items purchased.

• A PMI reading above 50 indicates an expansion of the manufacturing sector compared to the previous month.
• A PMI reading below 50 indicates a contraction.
• A reading at 50 indicates no change.

The further the value is from 50, the stronger the rate of change.