Manufacturing: PMI Composite Index : 46.7 (As of 2023-11-01)
Basic Info
Manufacturing: PMI Composite Index was 46.7 as of 2023-11-01, according to Institute for Supply Management. Historically, Manufacturing: PMI Composite Index reached a record high of 77.5 and a record low of 29.4, the median value is 53.5. Typical value range is from 49.4 to 58.7. The Year-Over-Year growth is -4.69%. GuruFocus provides the current actual value, an historical data chart and related indicators for Manufacturing: PMI Composite Index - last updated on 2023-11-01.
The purchasing manager's index, the headline indicator of the Institute for Supply Management (ISM), measures the composite index of five "sub-indexes" as follows: 25% production level, 30% new orders from customers, 15% supplier deliveries, 10% inventories and 20% employment level. Managers can rate each of the survey questions as better, same or worse conditions. The PMI, which ranges from 0 to 100, equals the percent of respondents voting "better" plus half of the percent of respondents voting "same." A PMI of 50 indicates that half voted "better" and half voted "worse." The "zones of discrimination" for the PMI: Less than 42 = potential recession, 42 to 49 = mildly strong expansion and 50 or higher = positively strong expansion. (Source: Investopedia)
| Category | Prices |
| Region | USA |
| Source | Institute for Supply Management |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 46.7 | ||
| Latest Period | 2023-11-01 | ||
| Long Term Average | 54.03 | ||
| Average Annualized Growth Rate | -0.13% | ||
| Value from 1 year ago | 49 | ||
| Change from 1 year ago | -4.69% | ||
| Frequency | Daily | ||
| Unit | Index |
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