PMI

PMI

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   Purchasing Manager's Index. A monthly survey of purchasing managers in industrial companies that records changes in items such as orders, employment, inventories and prices, compared with those of the previous month. It is expressed as a number, with 50 regarded as neutral (i.e. the same number of respondents reporting increased activity as there were reporting decreased activity). Figures above 50 indicate growth and below 50 contraction. The index is regarded as a leading indicator of economic activity, but methodology varies from country to country.

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PMI UK US noun
► [U] INSURANCE ABBREVIATION for Private Medical Insurance: medical insurance that you pay to use, rather than using the public health system: »

PMI means that if you suffer an acute illness you can get treatment at a time and place that suit you.

► [S] ECONOMICS ABBREVIATION for PURCHASING MANAGERS' INDEX(Cf. ↑Purchasing Managers' index)
► [U] INSURANCE US ABBREVIATION for Private Mortgage Insurance: a type of insurance in the US that is paid by someone borrowing money to buy a house. The insurance protects the lender against a fall in the value of the house if the borrower cannot pay back the loan: »

A $500,000 mortgage may come with a monthly PMI bill of $250.

→ Compare MIP(Cf. ↑MIP)

Financial and business terms. 2012.

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