A Manufacturing PMI represents companies that produce goods in industries like automotive, clothing, and technology. A Services PMI gauges activity level in industries with a less tangible product, such as financial services, health care, and hospitality. If the index reading is higher than 50, then it indicates an economic expansion. This means that the closer [...]

However, if we take a deeper look at the relationship between profit and loss, it is clear that older, commonly held ideas may need to be adjusted. The balance sheet gives investors and creditors a snapshot of how effectively a company’s management uses its resources. Just like the other financial statements, the balance sheet is used for [...]