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=== Methodology === | === Methodology === | ||
{| class="wikitable" | |||
!Month | |||
!PMI Manufacturing | |||
!PMI Services | |||
|- | |||
|Nov-23 | |||
|46.7 | |||
| | |||
|- | |||
|Oct-23 | |||
|46.7 | |||
| | |||
|- | |||
|Sep-23 | |||
|49 | |||
| | |||
|- | |||
|Aug-23 | |||
|47.6 | |||
| | |||
|- | |||
|Jul-23 | |||
|46.4 | |||
| | |||
|- | |||
|Jun-23 | |||
|46 | |||
| | |||
|- | |||
|May-23 | |||
|46.9 | |||
| | |||
|- | |||
|Apr-23 | |||
|47.1 | |||
| | |||
|- | |||
|Mar-23 | |||
|46.3 | |||
| | |||
|- | |||
|Feb-23 | |||
|47.7 | |||
| | |||
|- | |||
|Jan-23 | |||
|47.4 | |||
| | |||
|- | |||
|Dec-22 | |||
|48.4 | |||
| | |||
|- | |||
|Nov-22 | |||
|49 | |||
| | |||
|- | |||
|Oct-22 | |||
|50.2 | |||
| | |||
|- | |||
|Sep-22 | |||
|50.9 | |||
| | |||
|- | |||
|Aug-22 | |||
|52.8 | |||
| | |||
|- | |||
|Jul-22 | |||
|52.8 | |||
| | |||
|- | |||
|Jun-22 | |||
|53 | |||
| | |||
|- | |||
|May-22 | |||
|56.1 | |||
| | |||
|- | |||
|Apr-22 | |||
|55.4 | |||
| | |||
|- | |||
|Mar-22 | |||
|57.1 | |||
| | |||
|- | |||
|Feb-22 | |||
|58.6 | |||
| | |||
|- | |||
|Jan-22 | |||
|57.6 | |||
| | |||
|- | |||
|Dec-21 | |||
|58.7 | |||
| | |||
|- | |||
|Nov-21 | |||
|61.1 | |||
| | |||
|- | |||
|Oct-21 | |||
|60.8 | |||
| | |||
|- | |||
|Sep-21 | |||
|61.1 | |||
| | |||
|- | |||
|Aug-21 | |||
|59.9 | |||
| | |||
|- | |||
|Jul-21 | |||
|59.5 | |||
| | |||
|- | |||
|Jun-21 | |||
|60.6 | |||
| | |||
|- | |||
|May-21 | |||
|61.2 | |||
| | |||
|- | |||
|Apr-21 | |||
|60.7 | |||
| | |||
|- | |||
|Mar-21 | |||
|64.7 | |||
| | |||
|- | |||
|Feb-21 | |||
|60.8 | |||
| | |||
|- | |||
|Jan-21 | |||
|58.7 | |||
| | |||
|- | |||
|Dec-20 | |||
|60.7 | |||
| | |||
|- | |||
|Nov-20 | |||
|57.5 | |||
| | |||
|- | |||
|Oct-20 | |||
|59.3 | |||
| | |||
|- | |||
|Sep-20 | |||
|55.4 | |||
| | |||
|- | |||
|Aug-20 | |||
|56 | |||
| | |||
|- | |||
|Jul-20 | |||
|54.2 | |||
| | |||
|- | |||
|Jun-20 | |||
|52.6 | |||
| | |||
|- | |||
|May-20 | |||
|43.1 | |||
| | |||
|- | |||
|Apr-20 | |||
|41.5 | |||
| | |||
|- | |||
|Mar-20 | |||
|49.1 | |||
| | |||
|- | |||
|Feb-20 | |||
|50.1 | |||
| | |||
|- | |||
|Jan-20 | |||
|50.9 | |||
| | |||
|- | |||
|Dec-19 | |||
|47.2 | |||
| | |||
|} | |||
=== November 2023 === | |||
==== Manufacturing ==== | |||
The Manufacturing PMI registered 46.7 percent in November, unchanged from the 46.7 percent recorded in October<ref>https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/november/</ref> | |||
Sixty-five percent of manufacturing gross domestic product (GDP) contracted in November, down from 75 percent in October. More importantly, the share of sector GDP registering a composite PMI calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 54 percent in November, compared to 35 percent in October and 6 percent in September. Three of the top six industries by contribution to manufacturing GDP were at or below 45 percent, same as the previous month | |||
'''The past relationship between the Manufacturing PMI and the overall economy indicates that the November reading (46.7 percent) corresponds to a change of minus-0.7 percent in real gross domestic product (GDP) on an annualized basis.''' | |||
* The New Orders Index remained in contraction territory at 48.3 percent, 2.8 percentage points higher than the figure of 45.5 percent recorded in October. | |||
* The Production Index reading of 48.5 percent is a 1.9-percentage point decrease compared to October’s figure of 50.4 percent. | |||
* The Prices Index registered 49.9 percent, up 4.8 percentage points compared to the reading of 45.1 percent in October. | |||
* .The Backlog of Orders Index registered 39.3 percent, 2.9 percentage points lower than the October reading of 42.2 percent. | |||
* The Employment Index registered 45.8 percent, down 1 percentage point from the 46.8 percent reported in October. | |||
==== Services ==== | |||
=== October 2023 === | === October 2023 === |