Purchasing Managers’ Index (PMI)
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Context
- India’s manufacturing activity witnessed a dip in April from the 16-year high in March.
- India’s manufacturing Purchasing Managers' Index fell to 58.8 in April from 59.1 in March.
ALL ABOUT PMI: https://www.iasgyan.in/daily-current-affairs/purchasing-managers-index-20
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PRACTICE QUESTION Q. Which organization initiated the Purchasing Managers' Index (PMI) survey in 1948, subsequently making it a widely monitored indicator of business activity globally? a) United Nations Development Programme (UNDP) b) International Monetary Fund (IMF) c) World Bank d) Institute of Supply Management (ISM) Answer d) |
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