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Purchasing Manager Index

Published on January 03, 2023
Current Context: According to the S&P Global India Manufacturing Purchasing Managers' Index (PMI), December 2022 saw the manufacturing sector's largest production increase in 13 months.
Purchasing Manager Index
  • The PMI averaged 56.3 for the three months of October to December, the highest reading in a year. It suggests that the manufacturing industry is doing well and might be helping to create jobs.
  • In a survey-based index called the Purchasing Managers Index, respondents are asked whether their perceptions of important business variables have changed from the previous month.
  • The PMI's objective is to inform business decision-makers, analysts, and investors about the existing and upcoming business environment.
  • It is calculated separately for the manufacturing and services sectors and then a composite index is also constructed.
  • The PMI is a number from 0 to 100.
  • IHS Markit compiles PMI for more than 40 economies throughout the world.


Q.1 What was the PMI average for the three months of October to December according to the S&P Global India Manufacturing Purchasing Managers' Index (PMI)?
a. 56.3
b. 70
c. 57.5
d. 55
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