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.