Track Changes in Inflation with Leading Economic Indicator The Purchasing Managers' Index™ (PMI)@weight>
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PMI data are widely cited as leading indicators of economic trends, with a track record of identifying turning points in economic cycles in advance. Read this report to understand how you can use PMI data to help anticipate changes in inflation with key insights from the PMI Input and Output Prices Indexes.
The PMI series can provide signals for inflation 3-6 months in advance of official CPI statistics and is used to see early signals of inflation and interest rate dynamics. It also provides timely insight into macroeconomic variables, with PMI subindices highly correlated with official data such as GDP, Industrial Production, Consumer Price Index (CPI), and more.
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