The IHS Markit US Composite PMI was revised higher to 59.7 in March 2021, from a preliminary estimate of 59.1 and above February's 59.5, signaling the fastest upturn in private sector business activity since August 2014. Service sector activity growth accelerated to an over six-and-a-half-year high, while the manufacturing production expansion slowed. Overall new business advanced the most since September 2014 and employment continued to rise at a solid pace. Price pressures remained elevated across the private sector, while business expectations regarding the outlook for output over the coming year were robust. source: Markit Economics

Composite PMI in the United States averaged 53.96 points from 2013 until 2021, reaching an all time high of 61 points in June of 2014 and a record low of 27 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Composite PMI in the United States is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in the United States to stand at 53.00 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 50.80 points in 2022, according to our econometric models.

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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.70 59.50 61.00 27.00 2013 - 2021 points Monthly
SA


News Stream
US Private Sector Output Expands Most Since 2014: Markit
The IHS Markit US Composite PMI was revised higher to 59.7 in March 2021, from a preliminary estimate of 59.1 and above February's 59.5, signaling the fastest upturn in private sector business activity since August 2014. Service sector activity growth accelerated to an over six-and-a-half-year high, while the manufacturing production expansion slowed. Overall new business advanced the most since September 2014 and employment continued to rise at a solid pace. Price pressures remained elevated across the private sector, while business expectations regarding the outlook for output over the coming year were robust.
2021-04-05
US Private Sector Activity Growth Slows in March
The IHS Markit US Composite PMI posted 59.1 in March of 2021, down slightly from 59.5 in February, to signal the second-fastest private sector upturn for six years, a preliminary estimate showed. Although capacity pressures stemming from extensive supply shortages constrained manufacturing output growth to the slowest for five months, goods producers reported the sharpest rise in new orders since June 2014. Service providers meanwhile recorded the steepest increase in new business for almost three years amid stronger client demand and looser coronavirus disease 2019 restrictions. The combined increase in manufacturing and service sector new orders was the strongest since September 2014. Business confidence picked up in March, running at a level rarely exceeded over the past seven years.
2021-03-24
US February Composite PMI Revised Higher
The IHS Markit US Composite PMI was revised higher to 59.5 in February 2021, up from a preliminary estimate of 58.8, signaling the sharpest pace of expansion in the private sector activity since August 2014. Service sector output expanded by the most in over six-and-a-half years, while manufacturing production growth moderated, but remained among the highest seen over the past decade. Private sector new order growth was the fastest since April 2018, while employment rose only fractionally. On the price front, input cost inflation accelerated to the fastest since data collection began in October 2009. As a result, firms raised their selling prices at the second-steepest pace on record due to the partial pass-through of greater costs to clients. Finally, business confidence moderated from that seen in January.
2021-03-03
US Composite PMI Hits 6-Year High
The IHS Markit US Composite PMI edged up to 58.8 in February 2021, from 58.7 in the previous month, signaling the sharpest pace of expansion in the private sector activity since March 2015, a preliminary estimate showed. Service sector output expanded by the most in almost three years, while manufacturing production growth moderated, but remained among the highest seen over the past decade. Overall backlogs of work increased again, while the pace of job creation remained relatively muted. On the price front, input costs rose the most since data collection began in 2009 as demand outstripped supply. As a result, firms raised their selling prices at the sharpest rate on record due to the partial pass-through of greater costs to clients. Finally, business confidence remained upbeat and among the brightest seen over the past two years, albeit down from recent highs.
2021-02-19

United States Composite PMI
In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector). The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction.