The Press-Enterprise — The Inland Purchasing Managers Index fell nearly 9 points in October, a combination of a seasonal drop after holiday groundwork and political uncertainty, the Institute of Applied Research reported Tuesday, Nov. 1.
The overall PMI index was 47.6, down from September’s 56.2. The index takes into account factors such as commodity prices, production, new orders, inventory, employment and supplier deliveries.
“September and October tend to be weak months after preparations for the holiday season have been completed,” Barbara Sirotnik, director of the institute based at Cal State San Bernardino, said in a statement accompanying the index.
The article was published Nov. 1, 2016.
Read the complete article at “Inland purchasing managers turn toward pessimism.”