Missouri’s Purchasing Managers’ Index (PMI) for May was 50.7, 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 increased in May to 52.8 from 51.5 in April. The national index is above the neutral threshold of 50 for 24 consecutive months. The index indicators that increased were Inventories (51.5), New Orders (55.8), Employment (51.7), Imports (55), and Supplier Deliveries (50.7). The index indicators that declined were Production (54.5) and New Export Orders (50.0). The ISM national non-manufacturing index decreased in May to 55.7 from 57.8 the previous month. Index indicators that increased were Imports (53.5) and Exports (55). The index indicators that decreased were New Orders (57.9), Employment (55.3), Backlogs (48.5), and Business Activity (59.5). The index indicator Inventories (51) was unchanged from the previous month. Note: The
Missouri’s May PMI decreased to 50.7 from 54.4 the previous month. The index has been above the neutral threshold of 50 for 29 consecutive months. Other states in the survey were Arkansas (49.8), Iowa (50.4), Kansas (49.7), Minnesota (51.1), Nebraska (51.1), North Dakota (46.8), Oklahoma (47) and South Dakota (54.1). Overall, May’s Mid American Regional Index decreased to 50.4 from the previous month’s score of 52.7.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.