The ISM Manufacturing PMI in the US fell to 47.2 in December, the lowest since June 2009, from 48.1 in November and well below market expectations of 49. The reading pointed to the fifth straight month of decline in manufacturing activity as new orders, production, employment and new export orders shrank at faster pace and price pressures increased. Global trade remains the most significant cross-industry issue, but there are signs that several industry sectors will improve as a result of the phase-one trade agreement between the U.S. and China, according to Timothy Fiore, Chair of the ISM. Business Confidence in the United States averaged 52.90 points from 1948 until 2019, 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. source: Institute for Supply Management

Business Confidence in the United States is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 52.40 points in 2020, according to our econometric models.

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United States ISM Purchasing Managers Index (PMI)

Actual Previous Highest Lowest Dates Unit Frequency
47.20 48.10 77.50 29.40 1948 - 2019 points Monthly



Calendar GMT Actual Previous Consensus TEForecast
2020-01-03 03:00 PM ISM Manufacturing New Orders Dec 46.8 47.2 48.9
2020-01-03 03:00 PM ISM Manufacturing Prices Dec 51.7 46.7 47.5 47.5
2020-01-03 03:00 PM ISM Manufacturing Employment Dec 45.1 46.6 48.0
2020-01-03 03:00 PM ISM Manufacturing PMI Dec 47.2 48.1 49.0 49.5
2020-02-03 03:00 PM ISM Manufacturing PMI Jan 47.2 49.1
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News Stream
2019-12-02
US Factory Activity Shrinks More than Expected: ISM
The ISM Manufacturing PMI in the US edged down to 48.1 in November of 2019 from 48.3 in October, well below market expectations of 49.2. The reading pointed to the fourth straight month of declining manufacturing activity, amid a steeper drop in new orders and employment. Global trade remains the most significant cross-industry issue.

2019-11-01
US Factory Activity Shrinks for 3rd Month: ISM
The ISM Manufacturing PMI in the US rose to 48.3 in October 2019 from a decade-low of 47.8 in the previous month, missing market expectations of 48.9. The latest reading pointed to the third straight month of contraction in the manufacturing sector, as output fell faster while new orders and employment declined at a softer pace.

2019-10-01
US Factory Activity Shrinks the Most in a Decade: ISM
The ISM Manufacturing PMI in the US dropped to 47.8 in September 2019 from 49.1 in the previous month, missing market expectations of 50.1. The latest reading pointed to the steepest month of contraction in the manufacturing sector since June 2009, amid ongoing trade tensions with China.

2019-09-03
US Factory Activity Contracts for 1st Time since 2016
The ISM Manufacturing PMI in the US fell to 49.1 in August 2019 from 51.2 in the previous month, missing market expectations of 51.1. The latest reading pointed to the first month of contraction in the manufacturing sector since January 2016 as new orders and employment declined amid concern about US-China trade dispute.

2019-08-01
US Factory Activity Grows the Least in 3 Years: ISM
The ISM Manufacturing PMI in the US fell to 51.2 in July 2019 from 51.7 in the previous month, missing market expectations of 53.4. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since August 2016 as production growth slowed sharply while the pace of job creation was near a three-year low.

2019-07-01
US Manufacturing Growth Weakest since 2016: ISM
The ISM Manufacturing PMI in the US fell to 51.7 in June 2019 from 52.1 in the previous month, beating market expectations of 51.0. Still, the latest reading pointed to weakest pace of expansion in the manufacturing sector since October 2016 as the new order index dropped to the lowest since December 2015 and the prices paid index fell to an over three-year low.


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.

United States Business Last Previous Highest Lowest Unit
Business Confidence 47.20 48.10 77.50 29.40 points [+]
Services PMI 52.80 51.60 61.00 49.30 points [+]
Non Manufacturing PMI 55.00 53.90 62.00 37.80 points [+]
Manufacturing PMI 52.40 52.60 57.90 50.30 points [+]
Composite Pmi 52.70 52.00 61.00 50.00 points [+]
Industrial Production -1.00 -0.70 62.00 -33.70 percent [+]
Industrial Production Mom -0.30 0.80 16.60 -10.40 percent [+]
Manufacturing Production -1.30 -0.90 67.90 -39.40 percent [+]
Capacity Utilization 77.02 77.37 89.39 66.69 percent [+]
Durable Goods Orders -2.00 0.20 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 0.80 0.00 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 0.00 0.30 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 0.30 4.60 -7.00 percent [+]
New Orders 493029.00 496962.00 549482.00 223500.00 USD Million [+]
Factory Orders -0.70 0.20 10.40 -9.70 percent [+]
Business Inventories -0.20 0.10 1.30 -2.00 percent [+]
Changes in Inventories 69.44 69.40 173.21 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.10 2.10 -2.00 percent [+]
Bankruptcies 22910.00 22483.00 82446.00 19695.00 Companies [+]
Corporate Profits 1868.66 1857.53 1873.90 14.67 USD Billion [+]
NFIB Business Optimism Index 102.70 104.70 108.80 80.10 points [+]
NY Empire State Manufacturing Index 4.80 3.30 39.00 -34.30 points [+]
Philadelphia Fed Manufacturing Index 17.00 2.40 58.50 -57.90 points [+]
Richmond Fed Manufacturing Index -5.00 -1.00 27.00 -44.00 points [+]
Ism New York Index 39.10 50.40 88.80 23.40 percent [+]
Dallas Fed Manufacturing Index -3.20 -1.30 47.60 -59.90 points [+]
Chicago Fed National Activity Index 0.56 -0.76 2.79 -5.29 [+]
Chicago Pmi 48.90 46.30 78.60 21.20 points [+]
Total Vehicle Sales 17.10 16.60 21.77 9.05 Million [+]
Car Production 2.53 2.57 9.92 1.29 Million Units [+]
Car Registrations 373.49 385.66 1149.00 331.50 Thousand [+]
Crude Oil Stocks Change -2.55 1.16 14.42 -15.22 BBL/1Million [+]
Gasoline Stocks Change 6678.00 9137.00 11456.00 -8428.00 Thousand Barrels [+]
Natural Gas Stocks Change -109.00 -44.00 147.00 -359.00 Billion cf [+]
Leading Economic Index 129.78 129.35 129.78 45.48 points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
Crude Oil Rigs 673.00 659.00 1609.00 98.00 [+]
API Crude Oil Stock Change 1.10 -5.95 14.30 -12.40 BBL/1Million [+]
Competitiveness Index 83.67 85.64 85.64 5.42 Points [+]
Competitiveness Rank 2.00 1.00 7.00 1.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Crude Oil Imports -595.00 1776.00 2201.00 -2518.00 Thousand Barrels [+]
Distillate Fuel Production -105.00 -1.00 570.00 -699.00 Thousand Barrels [+]
Distillate Stocks 8171.00 5330.00 11205.00 -13011.00 Thousand Barrels [+]
Cushing Crude Oil Stocks 342.00 -821.00 4737.00 -4184.00 Thousand Barrels [+]
Ease of Doing Business 6.00 8.00 8.00 4.00 [+]
Gasoline Production 394.00 -1286.00 1082.00 -1494.00 Thousand Barrels [+]
Steel Production 7233.00 7407.00 11951.00 3799.00 Thousand Tonnes [+]
Refinery Crude Runs 76.00 -386.00 1572.00 -3253.00 Thousand Barrels [+]
Mining Production 1.40 2.30 108.20 -28.80 percent [+]
Kansas Fed Manufacturing Index -7.00 -5.00 37.00 -32.00 points [+]
Heating Oil Stocks -168.00 -84.00 94208.00 -92090.00 Thousand Barrels [+]