EDEN IAS

NEWS IMPULSE – PURCHASE MANAGER INDEX| 08 OCTOBER

<p style=”margin-bottom: 8px; text-align: center;”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b>Source &ndash; Indian express</b></span></span></span></span></p>

<p style=”margin-bottom: 8px; text-align: center;”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b>GS Paper &ndash; 3</b></span></span></span></span></p>

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<p style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b>Context</b> – <span style=”line-height:107%”><span style=”color:black”>Higher demand accelerated India&#39;s manufacturing sector growth in September</span></span></span></span></span></span></p>

<p style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Calibri,sans-serif”><span style=”color:#595959″><b><span style=”line-height:107%”><span style=”color:black”>What is purchase manager index ?</span></span></b></span></span></span></span></p>

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<li style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”background:white”><span style=”color:#111111″><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span style=”font-family:&quot;Arial&quot;,&quot;sans-serif&quot;”>The Purchasing Managers Index (PMI) is a measure of the prevailing direction of economic trends in manufacturing.</span></span></span></span></span></span></li>
<li style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”background:white”><span style=”color:#111111″><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span style=”font-family:&quot;Arial&quot;,&quot;sans-serif&quot;”>The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity</span></span></span></span></span></span></li>
<li style=”margin-bottom:8px”><span style=”font-size:14px;”><span style=”background:white”><span style=”color:#111111″><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span style=”font-family:Roboto”><span style=”color:#474747″>PMI is&nbsp;<strong><span style=”font-family:Roboto”>an indicator of business activity-</span></strong>&nbsp;in the manufacturing and services sectors</span></span></span></span></span></span></span></li>
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<p><span style=”font-size:14px;”><span style=”line-height:107%”><span style=”font-family:Roboto”><span style=”color:#474747″>The PMI is usually&nbsp;<strong><span style=”font-family:Roboto”>released at the start of every month.</span></strong>&nbsp;It is, therefore, considered a&nbsp;<strong><span style=”font-family:Roboto”>good leading indicator</span></strong>&nbsp;of economic activity</span></span></span></span></p>