Qualities I Expect From My Girl friend
***Qualities I Expect From My Girl friend***
Economic activities take place in Manufacturing & Services Sector. So knowledge of expansion & contraction of these two sectors is important.
This is calculated by Purchasing Managers Index(PMI) for Manufacturing & Services.
i)PMI score above 50 means Expansion from previous month(PMI-Manufacturing & Services are calculated monthly).
ii)PMI score below 50 means Contraction from previous month.
iii)PMI score exactly 50 means stagnant manufacturing or services activities from previous month.
It is published(monthly) by private companies e.g. IHS Markit,Nikkei,S&P Global etc.
**Learn with Example**
Suppose PMI-Manufacturing for July,2022 is 52.3. It means manufacturing activity in the economy expanded in July,2022 as compared to June,2022.
Similar,Suppose PMI-Services for July,2022 is 46.9. It means services activity in the economy contracted in July,2022 as compared to June,2022.
Inference: So you have learnt about PMI-Manufacturing & Services. Thank me later.
N.B. You guys are averse to learn difficult parts of economics. Hence a luring 'Heading' to the article is given. All your bfs/gfs are the most handsome & beautiful,I admit.
(TO BE CONTINUED)
BY,HEMEN SARMA
**********************************************
Comments
Post a Comment