Missouri’s Purchasing Managers’ Index (PMI) for September was 50.5, 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 September to 50.2 from 51.1 the previous month. The national index is above the neutral threshold of 50 for 28 consecutive months. No index indicator grew, but Inventories (48.5) and New Export Orders (46.5) were unchanged. The index indicators that declined were Production (51.8), New Orders (50.1), Employment (50.5), and Imports (50.5). The ISM national non-manufacturing index decreased in September to 56.9 from 59 the previous month. Index indicators that increased were Employment (58.3), Imports (53) and Exports (52.5). Index indicators that decreased were New Orders (56.7), Business Activity (60.2), Inventories (51), and Backlogs (54.5).
Missouri’s September PMI decreased to 50.5 from 50.9 the previous month. Other states in the survey were Arkansas (50.8), Iowa (50.2), Kansas (47.1), Minnesota (53), Nebraska (45.4), North Dakota (41.7), Oklahoma (46.2) and South Dakota (50.9). Overall, September’s Mid American Regional Index decreased to 47.7 from the previous month’s score of 49.6.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.