The IHS Markit US Composite PMI rose to 57.3 in October 2021, from 55.0 in the previous month, a preliminary estimate showed. The latest reading signaled the fastest pace of expansion in private sector business activity for three months and one that was sharp overall, as service sector growth accelerated to the strongest since July. Meanwhile, manufacturing output increased the least in 15 months amid reports of material shortages and supply chain delays. Inflows of new work continued to expand solidly, although at the softest pace since December 2020, while the level of outstanding business rose at a series record pace and the rate of job creation was the fastest since June. On the price front, both input and output costs rose at record rates. Finally, the level of sentiment regarding output in the year ahead dipped to the joint-lowest in eight months. source: Markit Economics

Composite PMI in the United States averaged 54.44 points from 2013 until 2021, reaching an all time high of 68.70 points in May of 2021 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 October of 2021.

Composite PMI in the United States is expected to be 55.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Composite PMI is projected to trend around 51.80 points in 2022 and 50.80 points in 2023, according to our econometric models.

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United States Composite PMI


News Stream
US Private Sector Growth Accelerates in October
The IHS Markit US Composite PMI rose to 57.3 in October 2021, from 55.0 in the previous month, a preliminary estimate showed. The latest reading signaled the fastest pace of expansion in private sector business activity for three months and one that was sharp overall, as service sector growth accelerated to the strongest since July. Meanwhile, manufacturing output increased the least in 15 months amid reports of material shortages and supply chain delays. Inflows of new work continued to expand solidly, although at the softest pace since December 2020, while the level of outstanding business rose at a series record pace and the rate of job creation was the fastest since June. On the price front, both input and output costs rose at record rates. Finally, the level of sentiment regarding output in the year ahead dipped to the joint-lowest in eight months.
2021-10-22
US Composite PMI Lowest in a Year
The IHS Markit US Composite PMI was revised higher to 55 in September of 2021 from a preliminary of 54.5, still pointing to the slowest growth in private sector activity in a year, amid slower upturns in both manufacturing (60.7 vs 61.1) and services (54.9 vs 55.1). New business growth eased to the slowest in nine months. Manufacturers and service providers alike registered softer upticks in client demand. Goods producers reported a quicker rise in new export orders, which contrasted with a faster contraction in service sector foreign customer demand. Labour shortages continued to hamper output growth across the private sector. Although rates of job creation quickened in the individual sectors, employment growth was historically subdued. At the same time, constraints on capacity were reflected in a series-record expansion in backlogs of work. Meanwhile, inflationary pressures remained historically elevated as input costs and output charges rose markedly.
2021-10-05
US Composite PMI Drops in September
The IHS Markit Composite PMI for the US fell to 54.5 in September of 2021 from 55.4 in August, preliminary estimates showed. The reading pointed to the lowest growth in private sector activity since September last year as both manufacturing (60.5 vs 61.1, a 5-month low) and services (54.4 vs 55.1, a 14-month low) eased. New order growth fell to the slowest since August 2020 and challenges finding suitable candidates and difficulties retaining employees were reflected in firms reporting only a fractional rise in employment for a second month. Input costs rose the most in four months to the second-highest rate ever and output price inflation hit an all-time high. Optimism at private sector firms was robust in September. Business confidence was often linked to hopes of improved client demand and the removal of supply chain blockages.
2021-09-23

United States Last Unit Reference Previous Highest Lowest
Services PMI 58.20 points Oct/21 54.90 70.40 26.70
Manufacturing PMI 59.20 points Oct/21 60.70 63.40 36.10
Composite PMI 57.30 points Oct/21 55.00 68.70 27.00


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.