we have to ignore government spending 

Private sector is more important for gauging (or gouging) economic health and growth


so in general you have to adjust the GDP data for government spending. the private sector has to be analyzed in its strength or weakness. This includes the PMI. please do not forget the service sector and foreign trade activity

GhostofTruth

So correct me if I'm wrong - using the PMI - Purchasing Managers Index - instead of GDP (which includes government spending) is a more accurate picture of the economy?

econ

Eurozone Industry Faces Deep Recession Amid Energy Policy a Sanction Challenges

So correct me if I'm wrong - using the PMI - Purchasing Managers Index - instead of GDP (which includes government spending) is a more accurate picture of the economy? 