The Purchasing Managers' Index (PMI) in China is an economic indicator that measures the activity level of purchasing managers in the manufacturing and services sectors. It provides insights into business conditions, including new orders, inventory levels, production, supplier deliveries, and employment. A PMI above 50 indicates expansion, while below 50 signifies contraction. It is important because it offers a timely and reliable gauge of economic health, influencing business decisions, investor sentiment, and financial markets by indicating potential growth trends or economic slowdowns.
The Purchasing Managers' Index (PMI) in China is an economic indicator that measures the activity level of purchasing managers in the manufacturing and services sectors. It provides insights into business conditions, including new orders, inventory levels, production, supplier deliveries, and emp...