Consider the following statements about Purchasing Managers Index (PMI):
1. It is an indicator of investor settlements about the manufacturing sector.
2. A reading above 100 on PMI indicates economic expansion.
Which of the above statements is/are correct?

1 only

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2 only

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1 and 2

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Neither 1 nor 2

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Solution

The correct option is A 1 only
Purchasing Managers' Index is considered as an indicator of the economic health, business momentum in the industrial sector of an economy and investor sentiments about the manufacturing sector. In a PMI data, a reading above 50 points indicates economic expansion, while a reading below 50 points shows the contraction of economic activities. India’s PMI went down to 47.9

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