Missouri’s Purchasing Managers’ Index (PMI) for June was 50.1, 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 increased in June to 53.5 from 52.8 in May. The national index is above the neutral threshold of 50 for 25 consecutive months. The index indicators that increased were Inventories (53), New Orders (56), and Employment (55.5). The index indicators that declined were Production (54), Supplier Deliveries (48.8), Imports (53.5), and New Export Orders (49.5). The ISM national non-manufacturing index increased in June to 56 from 55.7 the previous month. Index indicators that increased were New Orders (58.3), Business Activity (61.5), Inventories (55), and Backlogs (50.5). The index indicators that decreased were Employment (52.7), Imports (48), and Exports (52.0).
Missouri’s June PMI decreased to 50.1 from 50.7 the previous month. The index has been above the neutral threshold of 50 for 30 consecutive months. Other states in the survey were Arkansas (50.4), Iowa (52.5), Kansas (50.1), Minnesota (54.3), Nebraska (51.3), North Dakota (44), Oklahoma (46.9) and South Dakota (56.2). Overall, June’s Mid American Regional Index increased to 53 from the previous month’s score of 50.4.
Note: The national purchasing manager's indices are produced by the Institute for Supply Management, formerly the Purchasing Management Association.