Missouri’s Purchasing Managers’ Index (PMI) for April was 54.4, according to the monthly Mid-American Business Conditions Survey, conducted by Creighton University, Omaha, NE. Economists consider the index, which measures such factors as new orders, production, supplier delivery times, backlogs, inventories, prices, employment, import orders and exports, a key economic indicator. Typically, a score greater than 50 indicates an expansionary economy, while a score below 50 forecasts a sluggish economy for the next three to six months.
The ISM national manufacturing index was unchanged from March and remained 51.5 for April. The national index is above the neutral threshold of 50 for 23 consecutive months. The index indicators that increased were Production (56), New Orders (53.5), Imports (54), and New Export Orders (51.5). The index indicators that declined were Inventories (49.5), Employment (48.3), and Supplier Deliveries (50.1). The ISM national non-manufacturing index increased in April to 57.8 from 56.5 the previous month. Index indicators that increased this month were New Orders (59.2), Inventories (51), Employment (56.7), Business Activity (61.6), and Backlogs (54.5). The index indicators that decreased were Imports (51.5) and Exports (48.5).
Missouri’s April PMI increased to 54.4 from 52.1 the previous month. The index has been above the neutral threshold of 50 for 28 consecutive months. Other states in the survey were Arkansas (53.6), Iowa (53.3), Kansas (51.2), Minnesota (51.3), Nebraska (54.6), North Dakota (51.6), Oklahoma (50.8) and South Dakota (54.2). Overall, April’s Mid American Regional Index increased to 52.7 from the previous month’s score of 51.4.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.