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What is the Purchasing Managers' Index (PMI)?
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Welcome to BeachBum Trading's short [What is the Purchasing Managers' Index (PMI)?] video 🎥 on the Purchasing Managers' Index (PMI)! The PMI is an economic indicator that measures the level of activity in the manufacturing and services sectors of the economy. In this video, we'll discuss how it is calculated, what it indicates, and how it can be used to gauge economic outlook.
The PMI index is calculated by surveying Purchasing Managers around the world and asking them about their plans for the future. This information is then used to produce an index score which can indicate how an economy may be doing in the short-term.
A higher PMI score implies an expectation of economic growth, while a lower score suggests economic recessions. Furthermore, it is known to forecast short-term economic changes with a high degree of accuracy.
Thank you for watching our short [What is the Purchasing Managers' Index (PMI)?] video 🎥 on the Purchasing Managers' Index (PMI). We hope you found it useful and if you did, please Like, Share and Subscribe, and don't forget to hit the bell for more great content about trading and the economy. Thank you again and have a great day!
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🌐 To See 👀 any Daily Changes to our Watch List(s), "Real Time Alerts" 📣 of our Buys, aggregated News on our current Positions, etc., … Please watch / keep an eye 👀 on the Comments section of this video, below, and/or … Please also Follow BeachBum Trading on:
The PMI index is calculated by surveying Purchasing Managers around the world and asking them about their plans for the future. This information is then used to produce an index score which can indicate how an economy may be doing in the short-term.
A higher PMI score implies an expectation of economic growth, while a lower score suggests economic recessions. Furthermore, it is known to forecast short-term economic changes with a high degree of accuracy.
Thank you for watching our short [What is the Purchasing Managers' Index (PMI)?] video 🎥 on the Purchasing Managers' Index (PMI). We hope you found it useful and if you did, please Like, Share and Subscribe, and don't forget to hit the bell for more great content about trading and the economy. Thank you again and have a great day!
----------------------------------------------------------------------------
🎥 RELATED VIDEOS 📟
----------------------------------------------------------------------------
----------------------------------------------------------------------------
🧰 TRADING TOOLS 🧰
----------------------------------------------------------------------------
----------------------------------------------------------------------------
📈 TRADING PLATFORMS 📈
----------------------------------------------------------------------------
#BeachBumTrading #Shorts #pmi
----------------------------------------------------------------------------
👀 BeachBum Trading on Social Media 👀
----------------------------------------------------------------------------
🌐 To See 👀 any Daily Changes to our Watch List(s), "Real Time Alerts" 📣 of our Buys, aggregated News on our current Positions, etc., … Please watch / keep an eye 👀 on the Comments section of this video, below, and/or … Please also Follow BeachBum Trading on:
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