PMI Composite Final

The PMI (Purchasing Managers' Index) Composite Final is a composite index of business activity in both the manufacturing and services sectors of an economy. It is compiled by IHS Markit, a global financial information and services company, and is based on a survey of purchasing managers in both sectors.

The PMI Composite Final is released on a monthly basis and is a widely followed economic indicator as it provides insight into the overall health of an economy. The index is based on a survey of purchasing managers in both the manufacturing and services sectors, who are asked to provide information on a number of key indicators, such as new orders, production, employment, and prices.

The PMI Composite Final is considered a leading indicator of economic growth, as it reflects the business sentiment and expectations of purchasing managers, who are responsible for making purchasing decisions for their companies. A reading above 50 indicates expansion in the economy, while a reading below 50 indicates contraction.