Missouri’s Purchasing Managers’ Index (PMI) for March was 52.1, 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 decreased in March to 51.5 from 52.9 the previous month. The national index is above the neutral threshold of 50 for 22 consecutive months. The index indicator that increased was Production (53.8). The index indicators that declined were Inventories (51.5), Employment (50), Supplier Deliveries (50.5), New Orders (51.8), Imports (52.5), and New Export Orders (47.5). The ISM national non-manufacturing index decreased in March to 56.5 from 56.9 the previous month. Index indicators that increased this month were New Orders (57.8) Employment (56.6), Imports (55.5), Exports (59), and Backlogs (53.5). The index indicators that decreased were Business Activity (57.5) and Inventories (49.5).
Missouri’s March PMI decreased to 52.1 from 56.8 the previous month. The index has been above the neutral threshold of 50 for 27 consecutive months. Other states in the survey were Arkansas (54.9), Iowa (51.6), Kansas (50.7), Minnesota (50), Nebraska (51.8), North Dakota (53.2), Oklahoma (51.6) and South Dakota (50.9). Overall, March’s Mid American Regional Index decreased to 51.4 from the previous month’s score of 57.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.