Why Should We Bother with Services PMIs

What the heck are services PMIs? A Purchasing Manager Index (PMI) is basically the assessment of purchasing managers with regard to the business and economic environments. Managers in the services industry are asked to answer a survey which covers different aspects of their businesses from employment, production, new orders, prices, to inventories. Their sentiments are then quantified and when the math whiz kids are done, they publish a headline figure for the services PMIs. If the reading is

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