PMI // abbr

(Economics ) (used as a singular noun)

a measure of economic activity in the section of the economy that is concerned with the manufacture of goods, published every month:

A PMI over 50% means that manufacturing is expanding.

The PMI survey in August showed demand had slowed in all the main eurozone economies.

NOTE PMI is formed from the first letters of the words ‘Purchasing Managers' Index'.

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