The IHS Markit US Manufacturing PMI came in at 52.4 in April 2019, unchanged from the previous month's near two-year low and below market expectations of 52.8, a preliminary estimate showed. Output and new orders rose at a faster pace while employment growth was the weakest since June 2017. Manufacturing PMI in the United States is reported by Markit Economics.

Manufacturing PMI in the United States is expected to be 52.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United States to stand at 51.00 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 50.20 in 2020, according to our econometric models.

United States Manufacturing PMI
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US Manufacturing Growth Holds Steady at Near 2-Year Low

The IHS Markit US Manufacturing PMI came in at 52.4 in April 2019, unchanged from the previous month's near two-year low and below market expectations of 52.8, a preliminary estimate showed.

Underlying data indicated that improved readings for output and new orders were generally offset by slower increases in employment and pre-production inventories.

The latest increase in new business was the quickest for three months. Nevertheless, the expansion was well below those seen this time last year, with foreign demand also remaining relatively muted. As a result, production volumes expanded at a slightly quicker, albeit still modest, pace.

Finally, inflationary pressures softened further across the manufacturing sector. The rate of input price inflation eased for the sixth successive month and was the weakest since July 2017. Smaller increases in costs were generally passed on to clients through a softer rise in factory gate prices.


Markit Economics | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/18/2019 1:50:03 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 55.30 54.20 77.50 29.40 Index Points [+]
Manufacturing PMI 52.40 52.40 57.90 50.70 [+]
Services PMI 52.90 55.30 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.10 59.70 62.00 37.80 [+]
Composite Pmi 52.80 54.60 61.00 50.00 Index Points [+]
Industrial Production 2.80 3.50 62.00 -33.70 percent [+]
Industrial Production Mom -0.10 0.10 16.60 -10.40 percent [+]
Manufacturing Production 1.00 1.10 67.90 -39.40 percent [+]
Capacity Utilization 78.80 79.00 89.39 66.69 percent [+]
Durable Goods Orders -1.60 0.10 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -1.90 0.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 -0.10 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.30 -0.10 4.60 -7.20 percent [+]
New Orders 497474.00 500479.00 565232.00 223500.00 USD Million [+]
Factory Orders -0.50 0.00 10.60 -10.00 percent [+]
Business Inventories 0.30 0.90 1.30 -2.00 percent [+]
Changes in Inventories 96.80 89.77 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.20 1.20 2.10 -2.00 percent [+]
Bankruptcies 22232.00 22103.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.20 2076.82 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 101.80 101.70 108.80 80.10 Index Points [+]
Ism New York Index 66.90 61.10 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 8.50 13.70 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 10.10 3.70 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 10.00 16.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.29 -0.25 2.78 -5.25 [+]
Dallas Fed Manufacturing Index 8.30 13.10 47.10 -60.10 Index Points [+]
Chicago Pmi 58.70 64.70 78.60 21.20 Index Points [+]
Car Production 2.46 2.64 9.92 1.29 Million Units [+]
Car Registrations 389.93 445.50 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.45 16.57 21.77 9.05 Million [+]
Crude Oil Stocks Change -1.40 7.03 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 92.00 25.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -1174.00 -7710.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.56 125.17 125.56 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 -3.10 4.09 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 825.00 833.00 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 6896.00 7647.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 10.50 12.70 108.20 -28.80 percent [+]


United States Manufacturing PMI

In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.40 52.40 57.90 50.70 2012 - 2019 Monthly
SA




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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