Question: which one and why? Question 12 Not complete Marked out of 1.00 P Flag question Why is the Purchasing Manager's Index (PMI) and important statistic
Question 12 Not complete Marked out of 1.00 P Flag question Why is the Purchasing Manager's Index (PMI) and important statistic for estimating economic performance? An increase in PMI indicates that Purchasing managers are more confident in increasing orders for goods and materials and this is normally positive as an indicator of economic growth. O PMI statistics only show changes in inventories that companies hold. PMI is more important as a measure of GDP. Rising PMI statistics signify falling inflation. Check
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