The PMI for the month of March stood at 65.13, a decline of 1.41 points compared with January’s PMI, which was 66.54. PHOTO: FILE
Economic activity in the country’s manufacturing sector expanded in March but at a slower pace than January this year, stated findings of MCB Bank’s second Purchasing Manager Index (PMI).
The PMI for the month of March stood at 65.13, a decline of 1.41 points compared with January’s PMI, which was 66.54.
A good reading enhances the attractiveness of an economy. The ideal number for the PMI is 50 — a reading of 50 or higher generally indicates that the manufacturing is expanding. If manufacturing is expanding, the general economy should be doing likewise. As such, it is considered a good indicator of future Gross Domestic Product (GDP) levels.
Published in The Express Tribune, April 11th, 2014.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ