{"id":201,"date":"2009-08-07T08:01:00","date_gmt":"2009-08-07T12:01:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=201"},"modified":"2018-08-23T09:25:28","modified_gmt":"2018-08-23T13:25:28","slug":"the-pmi-numbers-are-improving","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/08\/07\/the-pmi-numbers-are-improving\/","title":{"rendered":"The PMI numbers are improving"},"content":{"rendered":"

OK, by now it’s a broken record: Jason sees signs of recovery. Sorry. Some of these numbers need watchin<\/span>‘ and well, due to a horrible chemical accident I don’t have eyelids, so I can’t help but watch. Hah<\/span>!<\/span><\/p>\n

What the heck is the PMI<\/span>? PMI<\/span> is short for the Purchasing Managers’ Index and is an economic indicator of production. The number is based on a monthly survey of 400 businesses and their purchasing managers. Because the 400 companies polled are diverse, the PMI<\/span> is seen as an indicator of production levels, new orders, supplier deliveries, inventories and circumstantially as an indicator of employment. PMI<\/span> ranges between 0 and 100. The critical threshold is at 50%. An index number of below 50% indicates contraction of the economy. While a number above 50% is an indication of economic growth. A number spot on at 50% indicates stability.<\/span><\/p>\n

The PMI<\/span> has been well below 50% for over a year. However, the number is improving and now sits just below 50%. What’s more, some sectors are actually above 50%. The PMI<\/span> is seen as a leading indicator because for the economy to expand new goods have to be manufactured, so purchasing manager orders expanding means that manufacturers have to start making stuff. So the PMI<\/span> presages economic growth. Since we are hovering just below 50% in the aggregate, and we actually have expansion is some sectors, this is yet another indication that the recession is bottoming and nearly over.<\/span><\/p>\n

Maybe now I can afford that surgery to repair my eyelids and can stop watching.<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

OK, by now it’s a broken record: Jason sees signs of recovery. Sorry. Some of these numbers need watchin‘ and well, due to a horrible chemical accident I don’t have eyelids, so I can’t help but watch. Hah! What the heck is the PMI? PMI is short for the Purchasing Managers’ Index and is an […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-201","post","type-post","status-publish","format-standard","hentry","category-best-of-the-blog","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=201"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/201\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}