The IHS Markit Composite PMI fell to 50.9 in August 2019 from 52.6 in the previous month and missing market expectations of 51.7, a preliminary estimate showed. The latest reading pointed to the slowest expansion in the private sector in three months, as manufacturing activity contracted for the first time in a decade (PMI at 49.9 from 50.4) and services output dropped to a 3-month low (PMI at 50.9 from 53.0). New orders advanced at the softest pace on record, amid subdued corporate spending in response to weaker business conditions and worries regarding the global economic outlook. Additionally, the rate of job creation slowed to its weakest since February 2010. On the price front, input prices went down for the first time since series began in October 2009 and output cost declined for the first time in three-and-a-half years. Finally, sentiment weakened for the seventh consecutive month to its lowest since the index began. Composite Pmi in the United States is reported by Markit Economics.

Composite Pmi in the United States is expected to be 52.20 Index 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 51.00 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 51.90 Index Points in 2020, according to our econometric models.

United States Composite PMI
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United States Business Last Previous Highest Lowest Unit
Business Confidence 51.20 51.70 77.50 29.40 Index Points [+]
Manufacturing PMI 49.90 50.40 57.90 49.90 [+]
Services PMI 50.90 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 53.70 55.10 62.00 37.80 [+]
Composite Pmi 50.90 52.60 61.00 50.00 Index Points [+]
Industrial Production 0.50 1.10 62.00 -33.70 percent [+]
Industrial Production Mom -0.20 0.20 16.60 -10.40 percent [+]
Manufacturing Production -0.50 0.30 67.90 -39.40 percent [+]
Capacity Utilization 77.50 77.80 89.39 66.69 percent [+]
Durable Goods Orders 2.00 -2.30 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 3.10 -1.20 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 1.20 0.50 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.10 0.00 4.60 -7.00 percent [+]
New Orders 493817.00 493569.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.60 -1.30 10.40 -9.70 percent [+]
Business Inventories 0.00 0.30 1.30 -2.00 percent [+]
Changes in Inventories 71.73 116.00 173.21 -245.13 USD Billion [+]
Wholesale Inventories 0.00 0.40 2.10 -2.00 percent [+]
Bankruptcies 22483.00 22157.00 82446.00 19695.00 Companies [+]
Corporate Profits 2012.30 2076.20 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 104.70 103.30 108.80 80.10 Index Points [+]
NY Empire State Manufacturing Index 4.80 4.30 39.00 -34.40 Index Points [+]
Philadelphia Fed Manufacturing Index 16.80 21.80 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index -12.00 2.00 27.00 -44.00 Index Points [+]
Ism New York Index 43.50 50.00 88.80 23.40 percent [+]
Chicago Fed National Activity Index -0.02 -0.03 2.79 -5.28 [+]
Dallas Fed Manufacturing Index -6.30 -12.10 47.60 -59.90 Index Points [+]
Chicago Pmi 44.40 49.70 78.60 21.20 Index Points [+]
Car Production 2.67 2.62 9.92 1.29 Million Units [+]
Car Registrations 465.92 432.61 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.30 17.30 21.77 9.05 Million [+]
Crude Oil Stocks Change -2.73 1.58 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 59.00 49.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 312.00 -1412.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 128.29 127.88 128.29 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 -3.45 3.68 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 754.00 770.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 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 7276.00 7653.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index -2.00 -6.00 37.00 -32.00 Index Points [+]
Mining Production 5.50 8.40 108.20 -28.80 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.90 52.60 61.00 50.00 2013 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 49.50 Aug/19
Brazil 51.60 Jul/19
China 50.90 Jul/19
Euro Area 51.80 Aug/19
France 52.70 Aug/19
Germany 51.40 Aug/19
India 53.90 Jul/19
Italy 51.00 Jul/19
Japan 51.70 Aug/19
Russia 50.20 Jul/19
Singapore 51.00 Jul/19
South Africa 48.40 Jul/19
United Kingdom 50.70 Jul/19
United States 50.90 Aug/19


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