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AIM has launched measuring of AIM-conX, a new index of wholesale purchases in construction industry

Yuriy Shchyrin
Author: Yuriy Shchyrin
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19
October 2016

The construction market in Ukraine in 2016-2017 years will grow rapidly. These optimistic expectations are based on AIM-conX, index of wholesale purchases in the construction industry. Research into AIM-conX Index with PMI methodology was conducted for the first time in Ukraine. In general, it is regarded the most precise method of predicting the state of the industry in the world. 

It is based on the measurement of bulk purchases. Simply put, measuring plans of companies on procurement of raw materials for their activities, one can determine dynamics of the economic sectors and forecast their pace of development in the future. They are also a very important factor influencing all widely-known stock indices. 

For example, in the United States, this index is measured monthly, in China – on a quarterly basis. Business people and analysts are expecting very creative. Unlike macroeconomic indices (inflation, GDP), measured with delay, PMI index is one of the leading indicators of developments in the real sector. From now on, Agency of Industrial Marketing and regularly will measure and announce this index in Ukraine. 

At the moment, the index is constructed solely for the construction market. For the Ukrainian economy as a whole, this industry can be considered a barometer of the economic climate, and grounding on its dynamics, it is possible to predict further economic trends.

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