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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.