The S&P Global Flash US Manufacturing PMI edged higher to 51.8 in September of 2022 from 51.5 in August, beating market forecasts of 51.1, preliminary estimates showed. Figures continued to signal a relatively subdued improvement in the health of the manufacturing sector although it was the second-lowest reading since July 2020. New orders grew for the first time in four months while production fell slightly, with relatively muted demand and supply chain constraints weighing on output and capacity. Also, backlogs of work increased again and employment grew the most since March. On the price front, input costs increased at a softer pace but firms raised their output charges at a sharper rate. Finally, manufacturers remained broadly confident of a rise in output over the coming year although confidence was dampened by ongoing concerns regarding economic uncertainty and the impact of inflation on customer spending. source: Markit Economics

Manufacturing PMI in the United States averaged 54.02 points from 2012 until 2022, reaching an all time high of 63.40 points in July of 2021 and a record low of 36.10 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Manufacturing PMI in the United States is expected to be 51.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Manufacturing PMI is projected to trend around 52.00 points in 2023, according to our econometric models.

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United States Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 51.80 51.50 points Sep 2022
Services PMI 49.20 43.70 points Sep 2022
Business Confidence 52.80 52.80 points Aug 2022
Composite PMI 49.30 44.60 points Sep 2022
Manufacturing Production 3.30 2.90 percent Aug 2022
Factory Orders -1.00 1.80 percent Jul 2022
Philadelphia Fed Manufacturing Index -9.90 6.20 points Sep 2022
NY Empire State Manufacturing Index -1.50 -31.30 points Sep 2022
Dallas Fed Manufacturing Index -12.90 -22.60 points Aug 2022
Chicago Fed National Activity Index 0.27 -0.25 points Jul 2022
Kansas Fed Manufacturing Index 2.00 -9.00 points Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.80 51.50 63.40 36.10 2012 - 2022 points Monthly
SA

News Stream
US Factory Growth Inches Higher in September
The S&P Global Flash US Manufacturing PMI edged higher to 51.8 in September of 2022 from 51.5 in August, beating market forecasts of 51.1, preliminary estimates showed. Figures continued to signal a relatively subdued improvement in the health of the manufacturing sector although it was the second-lowest reading since July 2020. New orders grew for the first time in four months while production fell slightly, with relatively muted demand and supply chain constraints weighing on output and capacity. Also, backlogs of work increased again and employment grew the most since March. On the price front, input costs increased at a softer pace but firms raised their output charges at a sharper rate. Finally, manufacturers remained broadly confident of a rise in output over the coming year although confidence was dampened by ongoing concerns regarding economic uncertainty and the impact of inflation on customer spending.
2022-09-23
US Manufacturing PMI Revised Slightly Higher: S&P Global
The S&P Global US Manufacturing PMI was revised higher to 51.5 in August of 2022 from a preliminary of 51.3, still pointing to the slowest growth in factory activity since July of 2020. Output contracted for a second straight month as new orders fell for a third month in a row amid weak client demand, amid the impact of inflation and economic uncertainty on customer spending. Employment growth was the weakest since January, with backlogs of work rising only marginally. Meanwhile, supply chain disruptions were the least severe since October 2020. On the price front, input price inflation was the slowest since January 2021 but remained elevated due to hikes in transportation, fuel and metals prices. Charge inflation was the slowest in 18 months, as some companies passed through savings to their customers in an effort to remain competitive. Meanwhile, business confidence was the highest in three months due to hopes of an uptick in demand.
2022-09-01
US Factory Growth Lowest in 2 Years: S&P Global PMI
The S&P Global Flash US Manufacturing PMI fell to 51.3 in August of 2022 from 52.2 in July, below forecasts of 52, and pointing to the lowest growth in factory activity since July of 2020, amid muted demand conditions and production cutbacks. Output contracted for the second successive month. Higher input prices also served to dampen customer demand, as some firms stated that clients were monitoring inventories and essential spending more closely. New export orders fell solidly as inflationary pressures in key export markets weighed on demand. At the same time, manufacturers registered the slowest rise in cost burdens since January 2021 and signs of improvements in supply chain disruption emerged. Meanwhile, manufacturers recorded a greater degree of optimism regarding the outlook for output over the next year on hopes of stable supply chains and increased customer demand.
2022-08-23