The ISM Manufacturing PMI for the US fell for a second straight month to 55.4 in April of 2022 from 57.1 in March and compared to market forecasts of 57.6. It was the lowest reading since July 2020, as a slowdown was seen in production (53.6 vs 54.5 in March), new orders (53.5 vs 53.8), and employment (50.9 vs 56.3). Meanwhile, price pressures moderated (84.6 vs 87.1) while the backlog of orders decreased (56 vs 60). “The US manufacturing sector remains in a demand-driven, supply chain-constrained environment. In April, progress slowed in solving labor shortage problems at all tiers of the supply chain”, Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee, said. source: Institute for Supply Management
Business Confidence in the United States averaged 53.02 points from 1948 until 2022, 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 May of 2022.
Business Confidence in the United States is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 56.00 points in 2023 and 52.40 points in 2024, according to our econometric models.