Edition #51
What is the composite pmi in your first chart? I wanted to directly compare with rental growth, it looks a bit familiar
It's just the published PCI.
The unadjusted PMI?
The PCI is the weighted average of the PMI (manufacturing) and PSI (services).
Ahh, so you mean the Composite PMI is the PCI, made up of the PMI & PSI weighted. How do you weight it?
I don't, it's published already weighted.
Ok, I can’t find that on BusinessNZ site, is it elsewhere?
Not sure. I get it via a data service.
What is the composite pmi in your first chart? I wanted to directly compare with rental growth, it looks a bit familiar
It's just the published PCI.
The unadjusted PMI?
The PCI is the weighted average of the PMI (manufacturing) and PSI (services).
Ahh, so you mean the Composite PMI is the PCI, made up of the PMI & PSI weighted. How do you weight it?
I don't, it's published already weighted.
Ok, I can’t find that on BusinessNZ site, is it elsewhere?
Not sure. I get it via a data service.