PISM Report on Business, Composite PMI Index January 2016

%AM, %22 %200 %2016 %03:%Feb Written by 
Composite Index at 52.77 Composite Index at 52.77

Economy in a holding pattern even as PMI composite free-falls to its lowest since PMI started in October 2010.

  • PMI Composite in January 2016 dropped 1.81 points from December, the 4th consecutive month that it did. This is a reversal from a twoyear trend when composite index in January expanded faster as compared to December.
  • The index, at 52.77, is the lowest ever recorded since PMI Composite started in October 2010. Experts agree that companies are holding back, a pattern globally observed among CEOs of top corporations due to economic volatility happening side by side with higher demand.
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