Economy Still in High Growth Mode Even as it Posts its Lowest April Index
- PMI Composite in April 2016 slowed down a bit by 0.81 index point from March consistent with the declines for the same period in previous years.
- The PMI Composite index, at 55.27, was the lowest April index ever recorded since PMI Composite started in October 2010. PMI Services did not pick up as fast as it did in prior tracking periods and could not pull up the composite average for April 2016. The successive lowest monthly indices for 2016 were also reflected the annual business cycle since 2010.