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.