The Institute for Supply Management’s Manufacturing PMI in the US jumped to 59.3 in November of 2018 from 57.7 in October, beating market expectations of 57.6. New orders, production and employment rose faster and comments from the panel reflect continued expanding business strength. Business Confidence in the United States is reported by Institute for Supply Management.

Business Confidence in the United States is expected to be 56.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in the United States to stand at 57.00 in 12 months time. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 52.00 Index Points in 2020, according to our econometric models.

United States ISM Purchasing Managers Index (PMI)
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-03 03:00 PM ISM Manufacturing Prices 60.7 71.6 70
2018-12-03 03:00 PM ISM Manufacturing New Orders 62.1 57.4
2018-12-03 03:00 PM ISM Manufacturing Employment 58.4 56.8 56.5
2018-12-03 03:00 PM ISM Manufacturing PMI 59.3 57.7 57.6 57
2019-01-03 03:00 PM ISM Manufacturing PMI 59.3 56
2019-01-03 03:00 PM ISM Manufacturing Employment 58.4 56
2019-01-03 03:00 PM ISM Manufacturing Prices 60.7 56



US Factory Growth Beats Forecasts: ISM



The Institute for Supply Management’s Manufacturing PMI in the US jumped to 59.3 in November of 2018 from 57.7 in October, beating market expectations of 57.6. New orders, production and employment rose faster and comments from the panel reflect continued expanding business strength.

Faster increases were seen for new orders (62.1 from 57.4), production (60.6 from 59.9); employment (58.4 from 56.8), inventories (52.9 from 50.7) and backlogs of orders (56.4 from 55.8). Also, price pressures eased (60.7 from 71.6) while supplier deliveries slowed (62.5 from 63.8).

Of the 18 manufacturing industries, 13 reported growth in November, in the following order: Computer & Electronic Products; Plastics & Rubber Products; Paper Products; Textile Mills; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Machinery; Transportation Equipment; Chemical Products; Food, Beverage & Tobacco Products; Apparel, Leather & Allied Products; Furniture & Related Products; and Petroleum & Coal Products. The three industries reporting contraction in November are: Printing & Related Support Activities; Nonmetallic Mineral Products; and Primary Metals.


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
12/3/2018 3:10:44 PM


Recent Releases

US Factory Growth Lowest in 6 Months: ISM
The Institute for Supply Management’s Manufacturing PMI in the US fell to 57.7 in October of 2018 from 59.8 in September and below market expectations of 59. The reading pointed to the slowest growth in factory activity in six months after reaching the highest since 2004 in August. New orders, production and employment eased and price pressures continued.
Published on 2018-11-01

US Factory Growth Slows More than Expected: ISM
The Institute for Supply Management’s Manufacturing PMI in the US fell to 59.8 in September of 2018 from 61.3 in August which was the highest reading since May of 2004. Figures came slightly below market expectations of 60.1 as new orders and inventories rose less. Manufacturers remain concerned about tariff-related activity, including how reciprocal tariffs will impact company revenue and current manufacturing locations.
Published on 2018-10-01

US Factory Growth Highest since 2004: ISM
The Institute for Supply Management’s Manufacturing PMI in the US jumped to 61.3 in August of 2018 from 58.1 in the previous month, beating market expectations of 57.7. The reading pointed to the highest expansion in factory activity since May of 2004 amid faster increases in new orders, production, employment and inventories and lower inflationary pressures. However, manufacturers remain overwhelmingly concerned about tariff-related activity, including how reciprocal tariffs will impact company revenue and current manufacturing locations.
Published on 2018-09-04

US Factory Growth at 3-Month Low: ISM
The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.1 in July of 2018 from 60.2 in the previous month, below market expectations of 59.5. The reading pointed to the weakest expansion in the manufacturing sector in three months amid a slowdown in new orders, export orders and production. Demand remains robust but manufacturers keep showing concerns about how tariff-related activity, including reciprocal tariffs, will continue to affect their business.
Published on 2018-08-01



United States Business Last Previous Highest Lowest Unit
Business Confidence 59.30 57.70 77.50 29.40 Index Points [+]
Manufacturing PMI 55.30 55.70 57.90 50.70 [+]
Services PMI 54.70 54.80 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.70 60.30 62.00 37.60 [+]
Composite Pmi 54.70 54.90 61.00 50.00 Index Points [+]
Industrial Production 4.10 5.60 62.00 -33.70 percent [+]
Industrial Production Mom 0.10 0.20 16.60 -10.40 percent [+]
Manufacturing Production 2.70 3.80 67.90 -39.40 percent [+]
Capacity Utilization 78.40 78.50 89.39 66.71 percent [+]
Durable Goods Orders -4.40 -0.10 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -1.20 -1.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 -0.60 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.30 0.10 4.60 -7.20 percent [+]
New Orders 502677.00 515334.00 565232.00 223500.00 USD Million [+]
Factory Orders -2.10 0.20 10.60 -10.00 percent [+]
Business Inventories 0.30 0.50 1.30 -2.00 percent [+]
Changes in Inventories 86.65 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.80 0.70 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2073.50 2007.53 2073.50 14.70 USD Billion [+]
NFIB Business Optimism Index 104.80 107.40 108.80 80.10 Index Points [+]
Ism New York Index 67.80 69.80 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 12.90 22.20 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 23.30 21.10 39.00 -35.10 Index Points [+]
Richmond Fed Manufacturing Index 14.00 15.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.24 0.14 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 17.60 29.40 47.10 -60.10 Index Points [+]
Chicago Pmi 66.40 58.40 81.00 20.70 Index Points [+]
Car Production 2.64 2.78 9.92 1.29 Million Units [+]
Car Registrations 436.69 443.14 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.49 17.57 21.77 9.05 Million [+]
Crude Oil Stocks Change -7.32 3.58 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -63.00 -59.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 1699.00 -764.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.54 124.26 124.54 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change -10.18 5.36 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 877.00 887.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7571.00 7251.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.10 15.10 108.20 -28.80 percent [+]


United States ISM Purchasing Managers Index (PMI)

The Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI™ reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Purchasing Managers Index (PMI) - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
59.30 57.70 77.50 29.40 1948 - 2018 Index Points Monthly




Country Last Previous
Australia 3.00 Nov/18
Brazil 63.20 Nov/18
Canada 57.20 Nov/18
China 50.00 Nov/18
Euro Area 1.09 Nov/18
France 105.00 Nov/18
Germany 102.00 Nov/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.40 Nov/18
Japan 19.00 Sep/18
Mexico 49.90 Nov/18
Netherlands 7.20 Nov/18
Russia -6.00 Nov/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 73.00 Nov/18
Spain -0.20 Nov/18
Switzerland 99.10 Nov/18
Turkey 92.80 Nov/18
United Kingdom -16.00 Dec/18
United States 59.30 Nov/18


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