The Purchasing Managers Index expands in October

Intelligent Economics > Analysis > The Purchasing Managers Index expands in October

The Purchasing Managers Index for Puerto Rico stood at 56.8 in October. A reading over 50 implies an expansion of the Manufacturing industry to the previous month. The PMI has remained over the threshold for over 11 months. All subindexes had a reading above the threshold except for own inventories. New orders increased to 53.2 after being below the threshold level the previous month. New orders at manufacturing establishments were higher in October than in September. Production increased to 59.7, a raise for three consecutive months. Employment in manufacturing establishments increased, the PMI for employment rose to 54.8. Suppliers deliveries decreased to 71 in October but still remained above the threshold level for the fifteenth consecutive month.  Own inventories decreased to 45.2, a decrease for the third consecutive month. 61.3% of manufacturing establishments are being affected by a reduction in supplier deliveries and is the main factor affecting the industry as opposed to a reduction in staff and others. The biggest challenge, however, is recruitment and absenteeism, increased costs, lack of raw material, delays in supply chain and a higher cost of transportation. 

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