November 2024
Missouri’s Purchasing Managers’ Index (PMI) for October was 48.4 decreasing 2.3 points from October level of 50.7. The Mid-America region, according to the monthly Mid-America Business Conditions Survey conducted by Creighton University was below expansion level for the sixth time this year.
Economists consider the index a key economic indicator. It measures such factors as new orders, production, supplier delivery times, backlogs, inventories, prices, employment, import orders and exports. Typically, a score greater than 50 indicates an expansionary economy while a score below 50 forecasts a sluggish economy. The US October PMI® for manufacturing registered 48.4, up 2.6 from October.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.