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Purchasing Managers Index: Difference between revisions
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=== August 2023 === | === August 2023 === | ||
==== Manufacturing ==== | |||
The August Manufacturing PMI registered 47.6 percent, 1.2 percentage points higher than the 46.4 percent recorded in July. Regarding the overall economy, this figure indicates a ninth month of contraction after a 30-month period of expansion. | The August Manufacturing PMI registered 47.6 percent, 1.2 percentage points higher than the 46.4 percent recorded in July. Regarding the overall economy, this figure indicates a ninth month of contraction after a 30-month period of expansion. | ||
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* The Backlog of Orders Index registered 44.1 percent, 1.3 percentage points higher than the July reading of 42.8 percent. | * The Backlog of Orders Index registered 44.1 percent, 1.3 percentage points higher than the July reading of 42.8 percent. | ||
* The Employment Index registered 48.5 percent, up 4.1 percentage points from July’s reading of 44.4 percent.<ref>https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/august/</ref> | * The Employment Index registered 48.5 percent, up 4.1 percentage points from July’s reading of 44.4 percent.<ref>https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/august/</ref> | ||
==== Services ==== | |||
In August, the Services PMI registered 54.5 percent, 1.8 percentage points higher than July’s reading of 52.7 percent. '''Thirteen industries reported growth in August'''.<ref>https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/services/august/</ref> The composite index indicated growth in August for the eighth consecutive month . | |||
"There has been an increase in the rate of growth for the services sector, reflected by increases in all four subindexes that directly factor into the composite Services PMI<sup>®</sup> and faster supplier deliveries. Sentiment among Business Survey Committee respondents varies by industry; however, the majority of panelists are positive about business and economic conditions.” | |||
* The Business Activity Index registered 57.3 percent, a 0.2-percentage point increase compared to the reading of 57.1 percent in July. | |||
* The New Orders Index expanded in August for the eighth consecutive month after contracting in December for the first time since May 2020; the figure of 57.5 percent is 2.5 percentage points higher than the July reading of 55 percent. | |||
* The Prices Index was up 2.1 percentage points in August, to 58.9 percent. | |||
* The Backlog of Orders Index registered 41.8 percent, a 10.3-percentage point decrease compared to the July figure of 52.1 percent. | |||
* The Employment Index registered 54.7 percent, up 4 percentage points from the July figure of 50.7 percent. | |||
=== July 2023 === | === July 2023 === | ||