The Purchasing Managers' Index (PMI) is a vital economic indicator for manufacturing decision-makers, reflecting the financial health and business confidence in the sector. A PMI above 50 signals expansion, while below 50 indicates contraction. When the PMI dips, it can signal challenging times ahead—leading to tighter budgets and postponed investments in new solutions. However, strategic ... The post Strategic Budget Planning for Manufacturers During Economic Downturns: The Importance of B...
