Purchasing Managers Index: Difference between revisions

no edit summary
No edit summary
No edit summary
Line 8: Line 8:


=== 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 ===