The ISM Manufacturing PMI jumped to 64.7 in March of 2021 from 60.8 in February, well above market forecasts of 61.3. It is the highest reading since December of 1983. Faster increases were seen in production (68.1 vs 63.2 in February), new orders (68 vs 64.8, the highest since January of 2004) and employment (59.6 vs 54.4, the highest since February of 2018) and inventories rebounded (50.8 vs 49.7). Meanwhile, both new export orders (54.5 vs 57.2) and supplier deliveries (76.6 vs 72) slowed a bit and price pressures remained elevated (85.6 vs 86). “The manufacturing economy continued its recovery in March. However, Survey Committee Members reported that their companies and suppliers continue to struggle to meet increasing rates of demand due to coronavirus impacts limiting availability of parts and materials", Timothy Fiore, Chair of the ISM said. source: Institute for Supply Management
Business Confidence in the United States averaged 52.92 points from 1948 until 2021, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. 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) - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Business Confidence in the United States is expected to be 58.00 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 53.00 in 12 months time. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 53.40 points in 2022 and 52.40 points in 2023, according to our econometric models.