Purchasing Managers' Indices

Using the IHS Markit/CIPS Purchasing Managers’ Indices will demonstrate that you are committed to using accurate, fact-based data which are a recognised measurement of industry activity and used by the Bank of England. Forming a part of a range of PMIs conducted in 26 countries, exactly the same methods of data collection are used, offering you a reliable means of making international comparisons.

Widely used across the manufacturing, construction, retail and service sectors, the IHS Markit/CIPS PMIs are often considered to be more accurate than official data, and are produced more frequently ahead of official UK Government data. The monthly surveys will enable you to access a range of data showing early trends from private sector businesses, such as stock levels, new orders, output, employment and prices.

Accuracy: Procurement staff can rely on solid, fact-based information, helping them  make confident, informed decisions
 
Frequency: Monthly publication of PMIs will give your purchasing function a regular industry update, assisting with forward planning and detailed sector-specific analysis
 
Parity: Using the same methodology to gather data across all participating countries, PMI surveys allow your purchasing professionals to make like-for-like international comparisons
 
Support: PMIs can be used by your purchasing managers for a range of activities, such as assessing price trends, negotiating with suppliers and monitoring trends in customer markets and export destinations

We publish all PMIs in the CIPS news section of our website and share the results on our social media channels, so follow us if you want to keep up to date.

For more information on how the IHS Markit/CIPS PMIs can help you give your purchasing team and business high-quality, accurate and reliable industry data, contact us at dan.evans@markit.com.