October 2024
Missouri’s Purchasing Managers’ Index (PMI) for October was 50.7 increasing 5.0 points from September level of 45.7. The Mid-America region, according to the monthly Mid-America Business Conditions Survey conducted by Creighton University was above expansion level for the fifth 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 46.5, down 0.7 from September.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.