April 2024
Missouri’s Purchasing Managers’ Index (PMI) for April was 55.5, increasing 1.2 points from March, indicating an expanding economy, according to the monthly Mid-America Business Conditions Survey, conducted by Creighton University, Omaha, NE.
According to Creighton University, after two straight months of below growth neutral, the Mid-America Business Conditions Index, climbed above the 50.0 growth neutral threshold for April.
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 March PMI® for manufacturing registered 49.2, decreasing 1.1 percentage points from March.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.