Purchasing Manager’s Index Points to Continued Expansion

The Purchasing Manager’s Index (“PMI”) is a widely-watched indicator of US economic activity. The index is based on a survey conducted by the Institute of Supply Management (ISM) of purchasing managers at more than 300 manufacturing firms, and it monitors changes in the levels of production from month to month. Specifically, the PMI tracks inventories, new orders, production, employment, and supply deliveries. An index reading above 50 indicates expansion of the manufacturing segment of the economy in comparison to the prior month. As of April 30th, the PMI was 52.3 which continues a streak of expansion totaling 32 months. If you have manufacturing clients that are long on growth prospects but short on financing options, we can help.

Purchasing Manager’s Index Points to Continued Expansion