PMIs and GDP estimation
The successful management of the economy and economic forecasting requires a reliable, accurate, timely and internationally comparable measure of economic growth. Gross domestic product (GDP) has perhaps been the most widely used, providing a measure of economic growth that is relied upon at the highest levels by economic policy makers, at central banks and international institutions such as the OECD, IMF and World Bank and countless numbers of investors and corporate planners.
GDP data are being increasingly criticised for their inadequacies and, as awareness of the deficiencies of the data continues to grow, analysts in both the public and private sectors are increasingly using alternative measures. The most notable being the Purchasing Managers Index.
To access NTC research notes on GDP PMI data for your area of interest, click below: