What is Purchasing Managers’ Index (PMI) Surveys?


Purchasing Managers’ Index (PMI) Surveys

Standard Bank is proud to be the sponsor for the development and delivery of the first ever Africa Series of Purchasing Managers’ Index (PMI) Surveys

Produced by Markit Economics, a leading global financial information services company, the PMI is regarded as the most authoritative and leading independent indicator of business conditions.

The surveys will initially cover data for Nigeria, Ghana and Kenya and each year will see an additional 2 African countries added to the index, covering a total of 11 African countries by the year 2019.

Standard Bank has a presence in 19 African countries, and the sponsorship of the PMI Leading Indicators for Africa is a further demonstration of our commitment to the African continent, entrenching our position as the leading African financial services organisation in for and across Africa.

The PMI data provides the earliest, most accurate and comprehensive suite of economic indicators in Africa and is used by purchasing professionals, business decision makers and economic analysts. Financial sector regulators and government agencies use the PMI for critical input to their decision making, while corporate clients throughout Africa will find the PMI Leading Indicators vital in assisting to make the right decisions when planning for future growth.