Blog

Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical electricity usage data and present appropriate options. Request now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

Purchasing Managers Improve Outlook

February 05, 2019

The US composite Purchasing Managers’ Index increased in January, reflecting a considerable upturn in new orders and the biggest jump since September. 

The measure stands at 54.9, up from 53.8.  Any number above 50 indicates economic growth.  The PMI index has been used since 1948 and tracks new orders, speed of supplier deliveries, inventories, order backlogs and employment.