Purchasing Managers’ Index - April 2015
PMI rose to 55.7 in April – new orders turn higher
- The PMI rose from 54.1 in March to 55.7 in April. The month’s result exceeds the average for this year of 54.6, and the main index is 0.3 points higher than in April of last year. According to a three-month moving average, the industrial sector has begun the second quarter in stable fashion.
- The sub-index for new orders rose by 4.5 points to 59.1 in April and provided the biggest contribution, 1.4 points, to the PMI. The index for order backlogs, which covaries with new orders, rose to 54.4 in April from 51.8 in March. As a result, orders and order backlogs have both risen for at least seven consecutive months.
- The production sub-index rose to 58.5 in April from 57.6 in March, while production plans were less optimistic. The index for planned production was 57.5 in April and has remained in the growth zone since January 2013. At the same time as actual and planned production rose and orders improved in April, employment increased. In April the sub-index for employment was 53.5, up from 52.9 in the previous month.
- The index for prices of suppliers’ commodity and intermediate goods remained above the 50 mark for the second consecutive month, thus prices continued to rise. The index was 51.1 in April, i.e., 1.5 points lower than in March. According to purchasing managers, the exchange rate was again a factor leading to increasing prices.
PMI - April 2015