Trading Academy Glossary

Purchasing Managers Index services (France, Germany, Eurozone, UK)

Purchasing Managers Index services (France, Germany, Eurozone, UK)

Measures the outlook of purchasing managers in the service sector. Such managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries and inventories. Readings above 50 generally indicate expansion, while readings below 50 suggest economic contraction.

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