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.