How does a purchasing managers index work? Back to list

Member SinceSep 14, 2022

Posts 35

Womak

Sep 21, 2022 a 12:20
A purchasing managers index collects data from purchasing managers in the manufacturing industry. This information is used to assess industry conditions and to forecast future growth – or lack thereof – in the sector. The Institute for Supply Management is a well-known producer of PMIs (ISM).

The ISM contacts purchasing managers at more than 300 manufacturing companies of various sizes and locations for its PMI.

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