NAPM or PMI (National Association of Purchasing Managers Index)
NAPM or PMI (National Association of Purchasing Managers Index)
This report represents the results of a national survey of industrial purchasing managers. One could say that it is an optimism indicator of high and middle-level managers. It is measured in percentages (the maximum is 100). The PMI allows you to estimate changes in the value of national industrial manufacturing; industrial employment; new manufacturing orders; storehouse resources and suppliers work speed – on a national scale for about six month in the future. GDP is also dependant on this index: if PMI is higher than 50% the GDP growth tempo will increase, if the value is less than 50% the tempo will decrease. At the level of 44% the beginning of a GDP recession could be expected. This indicator is released by the National Association of Purchasing Managers on the first working day of every month following the reported one at 10:00 a.m. (Washington)
