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- W1487287780 abstract "The Purchasing Managers' Index (PMI) is one of the key variables to which economists pay considerable attention for assessing US economic activities, particularly, business conditions in the manufacturing sector. Although the PMI has been used to assess the US economy, there is hardly any attempt to evaluate the directional accuracy of the PMI to predict the direction of change in the index of industrial production (IP) and Gross Domestic Production (GDP). We present evidence that the PMI is a useful predictor of the direction of change in the IP, particularly in the recent decade." @default.
- W1487287780 created "2016-06-24" @default.
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- W1487287780 date "2011-01-01" @default.
- W1487287780 modified "2023-09-23" @default.
- W1487287780 title "Is the Purchasing Managers’ Index Useful for Assessing the Economy’s Strength? A Directional Analysis" @default.
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- W1487287780 doi "https://doi.org/10.2139/ssrn.1766380" @default.
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