A measure of the change in purchases made by corporate executives. Generally used to determine economic growth and measure business optimism. If the optimal economic conditions are predicted, businesses will spend more in order to accommodate future demand for goods and services.
Ivey Purchasing Managers Index
Related Terms
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GDP stands for Gross Domestic Product. GDP is the total value of the goods and services produced in a country over a specified period. It is one of the most comprehensive and closely watched...
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The Conference Board Leading Economic Index anticipates (or “leads”) turning points in the business cycle by around 7 months.
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The Consumer Price Index (CPI) is a monthly measure of the change in prices paid by consumers for goods and services.
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The University of Michigan Consumer Sentiment (MCSI) is an index is based on a survey of personal consumer confidence in economic activity Consumer optimism is directly related to consumer...
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The PCE price index measures inflation in the U.S., tracking the change in prices of goods and services purchased by consumers.