Tracking the economy with the purchasing managers' index

Ethan S. Harris

Quarterly Review, 1991, vol. 16, issue Aut, 61-69

Abstract: The purchasing managers' index is a widely watched but virtually untested indicator of manufacturing activity. This article examines how well the index lives up to its billing as a leading indicator. The author also explores whether the index supplies information about the economy beyond that already provided by other indicators.

Keywords: Economic indicators; Business cycles; Manufactures; Statistics; Forecasting (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fednqr:y:1991:i:aut:p:61-69:n:v.16no.3

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