Purchasing Managers' Index (PMI)

February 2024

Missouri’s Purchasing Managers’ Index (PMI) for February was 46.6, decreasing 3.9 points from January indicating an contracting economy, according to the monthly Mid-America Business Conditions Survey, conducted by Creighton University, Omaha, NE.

After climbing above growth neutral in January, the Creighton University Mid-America Business Conditions Index, fell below the 50.0 growth neutral threshold in February to 49.1.

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 February PMI® for manufacturing registered 47.8, decreasing 1.3 percentage points from January

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

 

 February 2024 ISM U.S. Purchasing Managers' Indices