U.S. Manufacturing PMI (Purchasing Manager’s Index)
March 30, 2020U.S. Manufacturing PMI (Purchasing Manager’s Index)
Manufacturing PMI® registered at 58.7% in December. December PMI® indicates expansion in the overall economy for the 19th month in a row.
The Manufacturing PMI® registered at 58.7% a decreased of 2.4 percentage points from the November reading of 61.1% according to the Institute for Supply Management® (ISM®). According to ISM, The PMI® figure indicates expansion in the overall economy for the 19th month in a row after contraction in April 2020.
A PMI above 42.8%, over a period generally indicates an expansion of the overall economy. ISM states a reading above 50% shows that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting. The PMI is based on a monthly survey of supply chain managers and measures general direction of economic trends in manufacturing and other sectors.
