Civil Services UPPSC RO ARO 2024-25 Mock Tests Series Current Affairs Business and Economy Economic and Financial Affairs
Consider the following statements regarding the Purchasing Managers' Index (PMI):
1. It is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month.
2. A PMI score above 50 indicates that the manufacturing sector is contracting.
Which of the statements given above are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2