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.
BREAKING DOWN '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..