Purchasing Managers Index Services PMI

Global Ranking

index from 0 to 100Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	India	61	9-2023	1	60.1
2	Russia	55.4	9-2023	2	57.6
3 ↓	Sri Lanka	54.7	9-2023	2	57.6
4	Ireland	54.5	9-2023	4	55
5 ↑	Switzerland	52.8	9-2023	10	50.3
6 ↑	Kazakhstan	52.3	9-2023	11	50.2
7 ↓	Japan	51.1	10-2023	5	53.3
8 ↑	United States	50.9	10-2023	11	50.2
9 ↑	New Zealand	50.7	9-2023	19	47.1
10 ↑	Spain	50.5	9-2023	15	49.3
11 ↓	China	50.2	9-2023	7	51.8
12 ↑	Italy	49.9	9-2023	13	49.8
13 ↑	United Kingdom	49.2	10-2023	18	47.2
14 ↓	Brazil	48.7	9-2023	8	50.6
15 ↓	Philippines	48.2	7-2023	6	53.1
16 ↓	Germany	48	10-2023	13	49.8
17 ↓	Australia	47.6	10-2023	9	50.5
18 ↓	Sweden	46.3	9-2023	16	49
19 ↑	France	46.1	10-2023	20	43.9
20 ↓	Nigeria	45.7	12-2020	17	47.6

Definition of Purchasing Managers Index Services PMI

The services Purchasing Managers Index (PMI) is an indicator of economic health for the services sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the services sector is based on questionnaire responses that cover the following economic variables: business activity, new business, backlogs of work, prices charged, input prices, employment, expectations for activity. The services PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.