NCB Republic of Ireland Manufacturing PMI
The NCB Purchasing Managers Index ( PMI ) is a composite indicator designed to provide an overall view of activity in the manufacturing sector of the Irish Economy and acts as a leading indicator for the whole economy.
The indicator is derived from individual diffusion indices which measure changes in output, new orders, employment, suppliers’ delivery times and stocks of goods purchased.
A reading of the PMI below 50.0 indicates that the manufacturing economy is generally declining; above 50.0, that it is generally expanding. A reading of 50.0 signals no change. The greater the divergence from 50.0, the greater the rate of change signalled by the index. PMI and Purchasing Managers Index are both registered trademarks owned by the Markit Group.
On a monthly basis members of the Association of Purchasing and Supply receive summary details to keep them informed and appraised of the latest professional developments.
find out more ...
Related:
› Purchasing Managers Services Index
› Irish Energy Index
.
