New PMI Index Introduced to Track Economic Activity
WELL WORKThe country is set to launch a new tool called the Purchasing Managers' Index (PMI) to measure the pace and movement of the economy. The index will provide insights into economic trends, making it easier for businesses, investors, and policymakers to take informed decisions on trade, investment, and planning.
The index has been jointly developed by the Metropolitan Chamber of Commerce and Industry (MCCI) and the private research organization Policy Exchange, with support from the UK’s Foreign, Commonwealth and Development Office (FCDO).
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