December 2024
Missouri’s Purchasing Managers’ Index (PMI) for December was 47.1 decreasing 1.3 points from November level of 48.4. The Mid-America region, according to the monthly Mid-America Business Conditions Survey conducted by Creighton University was below expansion level for the seventh 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 December PMI® for manufacturing registered 49.3, up 0.9 from November.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.