The purchasing manager’s index (PMI) is one of the leading indicators used to assess the economic health of a nation. Joanna Sawicka, emerging Europe research analyst at U.S. Global Investors, explains the April PMI readings for the eurozone and why they might be picking back up. Although the PMIs have been falling since early 2018, the readings remain well above 50, indicating growth in the region.
For Joanna’s full explanation, watch the video below!
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The Purchasing Manager’s Index (PMI) is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The Composite PMI is comprised of the Manufacturing PMI and the Service PMI.