Tracking the Economy with the Purchasing Managers' Index

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Quarterly Review

Tracking the Economy with the Purchasing Managers' Index

Autumn 1991Volume 16, Number 3

Author: Ethan S. Harris

The purchasing managers' index is a widely watched but virtually untested indicator of manufacturing activity. This article examines how well the index lives up to its billing as a leading indicator. The author also explores whether the index supplies information about the economy beyond that already provided by other indicators.

PDF full article PDF

9 pages / 798 kb

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