The PMI Index, or Purchasing managers Index, measures procurement activities in manufacturing and services.SafariSpinStreakImportant economic indicators. It is calculated comprehensively by investigating the purchasing manager's answers to five questions, such as production, new orders, inventory, employees and supplier delivery time. The performance of the PMI index varies greatly among different industries, as followsSafariSpinStreakLet's learn more about it.

oneSafariSpinStreak. Manufacturing industry

Manufacturing is the most commonly used industry in the PMI index. Usually, a PMI reading above 50 indicates that the manufacturing sector is expanding, while a reading below 50 indicates contraction. Changes in manufacturing have a great impact on the economy as a whole, so changes in the manufacturing PMI index are often used to predict economic trends.

twoSafariSpinStreak. Construction business

Construction is also an important industry. The PMI index of the construction industry can reflect the activity of the construction industry, including new orders, business volume, inventory, raw material prices and other factors. Generally speaking, the PMI index of the construction industry is high, indicating that the expansion of the construction industry has a positive impact on the economy.

3. Service industry

With the development of economy, the proportion of service industry in PMI index is increasing. The service PMI index includes new orders, business volume, inventory, supplier delivery time, employees and other indicators. The PMI index of the service industry also has a great impact on the economy.

4. Other industries

In addition to manufacturing, construction and services, other industries also have their own PMI index, such as financial industry, IT industry and so on. The PMI index of these industries reflects the state of their respective industries and has varying degrees of impact on the overall economy.

Comparison of PMI Index in different Industries

Industry indicators explain manufacturing new orders, production, inventory, employees, supplier delivery time reflects manufacturing activity and economic trend new orders, business volume, inventory, raw material prices in the construction industry reflect the activity of the construction industry and the impact on the economy. New orders, business volume, inventory, supplier delivery time, employees reflect the activity of the service industry and the impact on the economy

Generally speaking, the performance of the PMI index varies greatly from industry to industry, and they reflect the economic situation of different industries. By comprehensively considering the PMI index of different industries, we can have a more comprehensive understanding of the operation of the economy.