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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? |
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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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