PISM Report on Business, Composite PMI Index December 2015

January 18, 2016 Written by 
Composite Index at 54.58 Composite Index at 54.58

With Manufacturing in Contraction, Economy in December Drops to its Lowest in 2015

  • PMI Composite in December 2015 slid 2.65 index points completing a month-on-month fourth quarter slowdown from a September high and a year char-acterized by changing patterns in business activities - first, the monthly indices were lower than the five-year business cycle, February and September ex-cluded; second, the economy peaked in September or two months earlier than the average; and third, it dropped to its lowest in December as it did in 2014.
  • Experts agree that the severe lead time and delivery conditions prompted industries to make adjust-ments in the last quarter.
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