From fe03dae84f6574753d7bea850438b32f6cfb79b0 Mon Sep 17 00:00:00 2001 From: nic Date: Tue, 30 Jul 2024 20:59:01 -0400 Subject: Auto from nzxt - Tue 30 Jul 2024 08:59:01 PM EDT --- .../ISM Purshasing Manager Index (PMI).md | 31 ++++++++++++++++++++++ 1 file changed, 31 insertions(+) create mode 100644 Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md (limited to 'Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md') diff --git a/Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md b/Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md new file mode 100644 index 0000000..f904c69 --- /dev/null +++ b/Finance/Fundamentals/ISM Purshasing Manager Index (PMI).md @@ -0,0 +1,31 @@ + +PMI = (P1 x 1) + (P2 x 0.5) + (P3 x 0) + +Where: +- P1 = % of answers reporting improvements +- P2 = % of answers reporting no change +- P3 = % of answers reporting a deterioartion + +The PMI is based on a survey of supply chain managers, the survey ask if during last month business was the same, better or worse in 5 sectors. + + | Surveys | Weight | + | Production Levels | 20% | + | New Orders | 20% | + | Employement Levels | 20% | + | Supplier Deliveries | 20% | + | Inventories | 20% | + | PMI | 100% | + + +# How to follow the PMI # + +- PMI above 50 and growing Long (Strong) bias +- PMI above 50 and slowing Long (Weak) bias +- PMI below 50 and slowing Short (Strong) bias +- PMI below 50 and growing Short (Weak) bias +- PMI peak above 50 Short (Weak) bias +- PMI peak below 50 Long (Weak) bias + + +Source: +The Institute of supply management (ISM) release its PMI on the 1st business day of each month. -- cgit v1.2.3