Purchasing Managers' index
noun[S]
ECONOMICSukus(abbreviationPMI)ameasurementofeconomicactivity,basedon how manypurchasingmanagersinparticularindustriessay that there has been anincreaseinactivityin the pastmonth. Anindexof more than 50%meansthat theeconomyisgrowing:
A PMI of 53.4indicatesthat thegrowthrateof themanufacturingsectorslowedcomparedto thepreviousmonth.