Purchasing Managers' Index, October 2015
PMI rose to 53.5 in October – steady manufacturing activity
- The PMI rose from 53.3 in September to 53.5 in October. The fourth quarter began with a solid growth rate, according to a three-month moving average. Moreover, the main index has been in the growth zone for two and a half years.
- The sub-index for new orders fell by 1.3 points to 53.2 in October. A three-month moving average indicates steady order growth, and the sub-index has stayed above the 50 mark since January 2013. In October domestic orders improved. The index for the export market was also in the growth zone, though at a lower level. The index for order backlogs reached 55.4 in October (52.5 in September).
- Both the sub-index for actual production and index for planned production rose during the month. Actual production, whose sub-index was 56.5, has risen for nearly three years and production plans (62.5) signal continued expansion in the next halfyear. The sub-index for employment fell by 2.1 points to 53.4, but the underlying trend points to increased hiring needs.
- Despite that the index for prices of suppliers’ commodity and intermediate goods rose by 1.8 points to 42.4 in October, prices continued to fall. The decline was again broad-based, with metal prices (steel) dropping for the fourth consecutive month.
PMI October 2015