Title: Purchasing management survey data: Their value as leading indicators
Abstract: In the ongoing effort to utilize and improve the forecasting properties of leading indicators, analysts on both sides of the Atlantic and Pacific are increasingly combining quantitative indicators of the sort pioneered by Arthur F. Burns and Wesley C. Mitchell with qualitative survey data. We have in the past considered the forecasting usefulness of a number of surveys, including the surveys conducted by the European Economic Community, the Confederation of British Industry in the United Kingdom, Dun and Bradstreet, Inc., and the Michigan Survey Research Center in the United States. In a paper we presented at the September 1985 meeting of CIRET in Vienna, we explored some of the forecasting properties of the price surveys conducted by the National Association of Purchasing Management (NAPM) in the United States (Moore and Klein, 1985). One of the unique features of this survey is that it reports buying prices rather than selling prices, and we examined some of the relationships between this survey and measures of price fluctuations.
Publication Year: 1991
Publication Date: 1991-01-25
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 19
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