Which of the following indices provided by the Institute for Supply Management (ISM)is considered the most important by economists because it is a composite of five weighted,seasonally adjusted indices?
A)Purchasing Managers Index
B)Export Orders Index
C)Production and Inventory Index
D)New Orders Index

Question

Quizplus · Accepted Answer

The Purchasing Managers Index (PMI) is considered the most important index provided by the Institute for Supply Management (ISM) as it is a composite of five weighted, seasonally adjusted indices which include New Orders, Production, Employment, Supplier Deliveries, and Inventories. The PMI is used as an indicator of economic growth or contraction in the manufacturing sector.

Which of the Following Indices Provided by the Institute for Supply