BMI: Slight recovery in November
The Purchasing Managers’ Index (PMI) seasonally adjusted value for November is 50.3.
Compared to the previous monthly values for November, this year’s value is lower than the long-term average for this month (52.6) and is also below the average for this month for the previous three years (51.9).
The majority of the sub-indices examined in the survey increased. Three of the sub-indices are in the expansion range.
The employment index decreased this month, its value again indicating a contraction. In the recent period, the index has been hovering around 50.0 points, which is higher this month than in October (47.9).
The Purchasing Managers’ Index in November
The seasonally adjusted value for November for the Purchasing Managers’ Index (PMI) is 50.3. In November, respondents reported a slight expansion compared to the previous month. Following the moderate expansion in the spring period, a sustained slowdown has been observed in the domestic manufacturing industry since June, a trend that was reversed with the results of the November survey. The BMI index increased, standing above 50.0 this month. Most of the indices increased. The volume of new orders is higher, the index value increased by 7.0 percentage points. The production volume increased, the index value increased by 4.1 percentage points compared to the previous month. The employment index is again below 50 points, the index value decreased by 0.5 points this time. The delivery lead time index is again below 50.0, its value is 4.2 percentage points lower this month. The index value of purchased inventories increased by 5.2 percentage points compared to October. Among the external market indicators, the import index is 6.5 percentage points higher, and the export index is 4.6 percentage points higher. Purchase prices increased, the index value increased by 3.7 percentage points compared to the previous month. The purchase quantity index increased by 4.3 points. The finished goods stocks index increased by 0.9 percentage points. The BMI index for November 2024 increased compared to the October value (47.9). November is considered a below-average month (the long-term average value measured since 1995 is 52.6; the November values are 52.6). The seasonally adjusted BMI index value measured now is the fifth lowest value this month.
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