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National Association of Purchasing Managers Index (NAPM)

definition

Now known as the Institute for Supply Management or ISM's Purchasing Managers' Index or PMI. This leading economic indicator is based on a survey of about 400 purchasing managers and is released on a monthly basis for both manufacturing and non-manufacturing sectors. Levels of the National Association of Purchasing Managers Index over 50.0 are expansionary, while below that indicate contraction.