Emeritus Prof Christopher May on Nostr: The Purchase Managers Index (PMI) is a much watched lead indicator for #business ...
The Purchase Managers Index (PMI) is a much watched lead indicator for #business sentiment - above 50% more firms are positive about the future, below more are negative... so what's interesting is not so much the composite measure but the divergence between expectations in #services & #manufacturing.... the Q. is (relating to a recent post) whether we should worry about the negative sentiment in manufacturing or see it as more evidence that the UK really is pivoting towards services?
Published at
2024-01-24 17:20:36Event JSON
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