July 1, 2015

Strong month for employment helps keep S.E. Michigan Purchasing Managers Index strong

DETROIT-- A robust Employment Index helped keep the Southeast Michigan Purchasing Managers Index (PMI) relatively unchanged from May to June, decreasing negligibly from 66.4 to 66.1. The PMI's three-month average stayed strong, improving from 65.7 to 66.3. A PMI value above 50 generally suggests economic growth.

Keeping very much in line with recent trends at the national level, the Employment Index increased more than 13 points from May to June, from 68.8 to 82.1.

"Employment continues to be strong, which is certainly great news for recent college graduates in the region," said Timothy Butler, an associate professor of global supply chain management at Wayne State University's School of Business, who interpreted this month's results.

While May to June saw the first month-to-month decrease of 2015, Kenneth Doherty, assistant vice president of procurement and strategic sourcing at WSU and an Institute for Supply Management board member, pointed out that the 3-month average increased for the fourth consecutive month.

"Everything still points to a strong economy through the summer," Doherty said.

The Southeast Michigan Purchasing Managers Index (PMI) is a research partnership between Wayne State University's School of Business and the Institute for Supply Management - Southeast Michigan.

The full report can be found at http://www.ism-sem.org/resources/files/report-on-business-june-2015.pdf.

The Institute for Supply Management - Southeast Michigan serves its members as an affiliate of the Institute for Supply Management by providing superior opportunities for education, networking, and career enhancement as a means of advancing and promoting the leading edge practices and profession of purchasing and supply management. Visit their website at http://www.ism-sem.org.

Wayne State University is a premier urban research institution offering 380 academic programs through 13 schools and colleges to nearly 28,000 students. The School of Business offers AACSB-accredited programs at the bachelor, master and doctoral levels. Learn more at www.business.wayne.edu

Contact

Timothy Butler
Phone: (313) 577-9810
Email: timothy.butler@wayne.edu
Nitin Paranjpe
Phone: (248) 292-0208
Email: ai8668@wayne.edu

Subscribe to Today@Wayne

Direct to your inbox twice a week

Related articles