JANUARY 2014 MANUFACTURING INDEX SUMMARIES.
A PMI® in excess of 43.2 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the January PMI® indicates growth for the 56th consecutive month in the overall economy, and indicates expansion in the manufacturing sector for the eighth consecutive month. Holcomb stated, "The past relationship between the PMI® and the overall economy indicates that the PMI® for January (51.3 percent) corresponds to a 2.7 percent increase in real gross domestic product (GDP) on an annualized basis."
THE LAST 12 MONTHS
| Month | PMI® | Month | PMI® | |
|---|---|---|---|---|
| Jan 2014 | 51.3 | Jul 2013 | 54.9 | |
| Dec 2013 | 56.5 | Jun 2013 | 52.5 | |
| Nov 2013 | 57.0 | May 2013 | 50.0 | |
| Oct 2013 | 56.6 | Apr 2013 | 50.0 | |
| Sep 2013 | 56.0 | Mar 2013 | 51.5 | |
| Aug 2013 | 56.3 | Feb 2013 | 53.1 | |
| Average for 12 months – 53.8 High – 57.0 Low – 50.0 |
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