Release Date: 1 June 2013
BOSTON REGION CONTRACTION SLOWS
Purchasing Managers Index: 36.0
Business Confidence: 50.0
This report is based on a survey of a sampling of Purchasing Management Association of Boston members that queries whether a particular economic indicator is better, the same, or worse than the previous month. The response on each item is tabulated into a diffusion index that is calculated as the percent "better" plus one-half of the percent "same".
An index number over 50 signals expansion or an increase in that indicator. The Boston Index is composed of the weighted averages of five indicators (e.g., new orders 30%, production 25%, etc.) and should be thought of as a leading indicator.