PMI Signals Accelerating Economic Growth

According to the Institute for Trend Research, the Purchasing Managers Index (PMI) climbed to a seven year high in February, suggesting a more accelerated rate of growth toward the end of 2011.

Reported increases in prices, production and employment coming from the manufacturing sector all contributed to this sign of continued economic recovery. The most notable numbers were the increases in production and employment, with the latter reaching an almost 40 year high.

The PMI and the rate-of-change are consistent in showing a continued economic recovery through the end of 2011 and accelerating growth into 2012.