About: The Purchasing Managers Index (PMI) is a measure of the prevailing direction of economic trends in manufacturing. The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.
Detail: The PMI is compiled and released monthly by the Institute for Supply Management (ISM). The PMI is based on five major survey areas: new orders, inventory levels, production, supplier deliveries, and employment.