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The Retail Purchasing Managers' Index (PMI) is a monthly indicator that tracks the performance and health of the retail sector. It is based on surveys of retail executives regarding sales, employment, and purchasing prices. A reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction.
Calculated as a diffusion index based on survey responses from a panel of retail companies. The index is seasonally adjusted to account for predictable shifts throughout the year.
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