← GlossaryEconomy
Purchasing Managers’ Index (PMI)
The PMI is based on surveys of purchasing managers at companies, asking whether orders, output, employment and prices are rising or falling. A reading above 50 indicates expansion; below 50, contraction.
Why It Matters
It is one of the fastest indicators available, published within days of the month ending.
In India
India’s manufacturing and services PMIs stayed above 50 for most of 2025 and 2026, signalling continued expansion despite global shocks.