BMI: Moderate expansion in December
The Purchasing Managers’ Index (PMI) seasonally adjusted December value is 50.6.
Compared to the previous December monthly values, this year’s value is lower than the long-term average for this month (52.4) and is also below the average for this month of the previous three years (53.2).
The majority of the sub-indices examined in the survey increased. Two of the sub-indices are in the contraction range.
The employment index decreased this month, its value again indicating contraction. The index has been hovering around 50.0 points in the recent period, which is lower this month than in November (44.5).
The Purchasing Managers’ Index in December
The seasonally adjusted December value of the Purchasing Managers’ Index (PMI) is 50.6. In December, 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 and continues in December.
The BMI index increased, remaining above 50.0 this month.
Most of the indices increased. The volume of new orders is higher, the index value increased by 0.3 percentage points. The production volume increased, the index value decreased by 1.4 percentage points compared to the previous month. The employment index is again below 50 points, the index value decreased by 3.4 points this time. The delivery lead time index is again below 50.0, its value is 6.4 percentage points higher this month. The index value of purchased inventories increased by 3.0 percentage points compared to November. Among the external market indicators, the import index decreased by 1.3 percentage points and the export index decreased by 0.1 percentage points. Purchase prices increased, the index value increased by 7.4 percentage points compared to the previous month. The purchase quantity index increased by 1.6 points. The finished goods stocks index increased by 4.2 percentage points. The December 2024 BMI index increased compared to the November value (50.4). December is considered a below-average month (the long-term average value measured since 1995 is 52.6; the December values are 52.4). The seasonally adjusted BMI index value measured now is the ninth lowest value this month.
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