PISM Report on Business, Composite PMI Index December 2015

%AM, %18 %194 %2016 %03:%Jan 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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