The February GPI reading of 188.8 also surpasses the year-ago period, when it registered 117.3 in February 2015. Since its inception in January 2014, the Global Purchasing Index has remained above the 100-point mark indicating economic optimism among purchasing professionals, with the exception of December 2014, when it dipped to 99.
The monthly Global Purchasing Index measures optimism among buyers at original equipment manufacturing (OEM), contract manufacturing (CM), and electronics manufacturing services providers (EMS). The GPI measures business activity in five areas: new orders, inventory levels, electronic component purchases, prices, and lead times.
Global Purchasing’s GPI measures purchasing professionals’ business confidence in five areas: new orders from customers; electronic component inventory levels; purchasing activity; pricing; and lead times. Global Purchasing compiles the GPI data monthly from a survey of more than 100 panel members who buy a wide range of electronic components. Prequalified for their industry experience, panel members are purchasing executives, managers, or buyers at original equipment manufacturing (OEM) or contract manufacturing firms around the world.