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Q14. Consider the following statements about Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers’ Index (PMI): 1. PMI is a private sector survey while the IIP is gauged by the government. 2. While the IIP is a measure of output, PMI, as the name suggests, measures activity at the purchasing or input stage. Which of the statements are correct?

Answer»

Q14. Consider the following statements about Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers’ Index (PMI):

1. PMI is a private sector survey while the IIP is gauged by the government.

2. While the IIP is a measure of output, PMI, as the name suggests, measures activity at the purchasing or input stage.

Which of the statements are correct?




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