The word "pmi" is correct and usable in written English.
"PMI" stands for "Private Mortgage Insurance," and it is commonly used in the real estate and mortgage industry. It refers to a type of insurance that protects the lender in the case of borrower default on a mortgage loan. Example: "Before finalizing the mortgage loan, the lender required the borrower to pay an additional monthly fee for PMI."
According to Markit's latest flash PMI, German output continued to contract in October.
Business confidence was returning: according to Lloyds bank, the South West's PMI reading (a measure of business activity) had reached the highest level of any British region in December.
The industrial slowdown is welcome evidence that these measures are working.A PMI reading above 50 indicates rising output; one of 51.1 is consistent with GDP growth of 9%, says HSBC.
But that story was already looking shaky when today, the Chinese PMI came in at a disappointing 48.1, the European composite PMI fell to 48.7 and the UK's retail sales dropped 0.8% in February.
Yesterday, HSBC's version of the China services PMI fell back to 50, a level that indicates no growth, while the euro-zone composite PMI was revised down from 54 to 53.8.This is a distinctly mixed picture and even the good news from the US has led investors to fear that the Fed might tighten monetary policy sooner than expected.
Internal documents obtained by The Observer show how PMI intended to use Itic to lobby against the UK's plan for plain packaging for cigarettes, seen by health campaigners as a major weapon in the fight to stop young people taking up smoking.
The ONS figures on factory output reflected the trend of slowing manufacturing growth indicated by the Markit/CIPS manufacturing PMI last week.
Manufacturing growth across the currency zone eased off slightly in April from March's 10-month high, according to the latest manufacturing purchasing managers' index (PMI) poll by the financial information company Markit.
The PMI now stands at 39.1, up from 34.9 in February, but those levels are still very bad.
The headline Markit Eurozone PMI recorded 52.1 in October, down slightly from an average of 52.8 in the third quarter and running at a level signalling another modest 0.2% expansion of GDP in the fourth quarter.
The FTSE 100 is currently 22.13 points lower at 6601.59 following disappointing PMI surveys for September from China, Germany and the UK.
