June 2024
Missouri’s Purchasing Managers’ Index (PMI) for June was 61.8, increasing 6.6 points from May indicating an expanding economy, according to the monthly Mid-America Business Conditions Survey, conducted by Creighton University, Omaha, NE.
According to Creighton University, the Mid-America Business Conditions Index, rose above the 50.0 growth neutral threshold for for the third time this year in June.
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 May PMI® for manufacturing registered 48.2, decreasing 0.2 percentage points from May.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.