BMI: December has strong results

The Seasonally Adjusted December Value of the Purchasing Managers’ Index (BMI) was 64.8, which was the result of a combination of factors. Due to the holidays, December typically consists of fewer working days, but this year this effect was limited. The already dynamically expanding order book, in comparison with the unrestreated Christmas season, gave further impetus. For the first time, december crude is above 50 points (the raw BMI average for December is 42.2 points, this year’s figure is 51.8 points), basically due to the volume of new orders. For Decembers, raw and seasonally adjusted BMI values are extremely strongly correlated, so it is not surprising that the high seasonally adjusted BMI is not surprising.