APICS Business Outlook Index
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Definition of 'APICS Business Outlook Index'
A national manufacturing index that surveys several manufacturing firms on a monthly basis. If the index is above 50 it signals expansion, if it dips below 50 it indicates contraction.
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Investopedia explains 'APICS Business Outlook Index'
It's released on the last business Wednesday, Thursday or Friday of the month (whichever is latest) at 8:30 a.m..
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