Purchasing Managers' Index (PMI)

July 2024

Missouri’s Purchasing Managers’ Index (PMI) for July was 56.1. Despite declining from June’s level of 61.8, Missouri’s index remained the highest state index in the Mid-America region, according to the monthly Mid-America Business Conditions Survey conducted by Creighton University.

According to Creighton University, for the fourth time in 2024, the Creighton University Mid-America Business Conditions Index, climbed above the 50.0 growth neutral threshold.

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 July PMI® for manufacturing registered 46.8, decreasing 1.7 percentage points from June

Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.

 

 July 2024 ISM U.S. Purchasing Managers' Indices