What are the underlying factors behind the favorable PMi(purchasing manager's index) in the U.S.A.?
The Purchasing Managers' Index (PMI) is a measure of the manufacturing and service industries current economic developments. It consists of a diffusion index that summarizes whether buying managers perceive market conditions to be improving, stable, or deteriorating. The PMI's goal is to offer company decision makers, analysts, and investors with information about present and prospective business conditions. The PMI is the major indicator in the ISM Manufacturing "Report on Business," a well-known monthly survey of purchasing and supply executives across the United States. PMI stood for Purchasing Managers' Index before September 1, 2001. Since that date, the Institute for Supply Management (ISM) has used PMI as a standalone acronym to reflect a corporate name change (the ISM was previously known as the National Association of Purchasing Management NAPM until January 2, 2002) and to broaden its strategic supply management reach beyond the purchasing function.
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