Missouri manufacturing last month hit a 13-year high point on the Purchasing Managers’ Index within the monthly Mid-America Business Conditions Survey.
Manufacturing in the Show-Me State reached a total of 66.8, up 13.1 points from January. A score over 50 indicates an expanding economy. The survey conducted by Creighton University in Omaha, Nebraska, tracks manufacturing industry metrics, including new orders, production, supplier delivery times, backlogs, inventories, prices, employment, import orders and exports, according to a news release.
Missouri’s February indexes included:
• 73.7 in new orders;
• 76.3 in production;
• 73.5 in employment;
• 57.2 in delivery time; and
• 53.4 in inventory.
The national PMI in February ticked up 1.7 points to 57.7, according to the release.
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