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Forecasting the NAPM Purchasing Managers' Index
Author(s) -
Raedels Alan
Publication year - 1990
Publication title -
journal of purchasing and materials management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.75
H-Index - 92
eISSN - 1745-493X
pISSN - 0094-8594
DOI - 10.1111/j.1745-493x.1990.tb00519.x
Subject(s) - purchasing , index (typography) , vendor , business , purchasing management , marketing , computer science , world wide web
The Purchasing Managers' Index, published monthly by the National Association of Purchasing Management (NAPM), is a highly recognized indicator of the health of the United States economy. Its information is so highly prized that many desire to get the information early. This article looks at several different indexes published by NAPM each month to help in making estimates of future values of the Purchasing Managers' Index. The results indicate that New Orders and a new index based on New Orders and Vendor Deliveries are both consistent leading indicators of the Purchasing Managers' Index by one month.