PMI Content

US October PMI Numbers Are Out and Better Than Expected (Though the Bar is Low)

ISM (Institute for Supply Management) and Markit Economics both came out with their October 2013 PMI (Purchasing Managers’ Index) figures, and the numbers could have been worse. ISM’s press release indicated a PMI of 56.4 and Markit’s press release indicated a figure of 51.8. ISM’s figures are fairly consistently 5-10% higher than Markit’s, of which we've talked about here and here, but both indicated tepid-to-modest growth in manufacturing activity.