"" Construction PMI refers to the abbreviation of the Purchasing Managers' Index, which is an important indicator for measuring the level of economic activities in the construction industry. It reflects the changes in procurement, production, sales and other activities in the industry.
The construction industry PMI usually involves multiple indicators, including indicators in procurement, inventory, production, order volume, employment, price, and the trend of overall economic activities. The value range of the index is between 0-100, of which 50 is the boundary point. The value is greater than 50 that the economic activity is expanding. The less than 50 indicates that economic activities are shrinking, and 50 indicates that economic activities are stable.
The data of the construction industry PMI can help the government, enterprises and investors understand the overall situation and trend of the construction industry in order to make decisions. For example, if the construction industry PMI continues to be at a high level, which means that the construction industry's economic activities are strong, the government can increase its support for the construction industry, and enterprises and investors can also see the potential opportunities of investing in the construction industry.
In short, the construction industry PMI is an important indicator for measuring the level of economic activity in the construction industry. Its data can provide important reference information for the government, enterprises and investors to help them make decisions. "