The IHS Markit US Manufacturing PMI was revised slightly higher to 59.1 in March of 2021 from a preliminary of 59, pointing to the second-highest griwth in factory activity on record. The overall expansion was supported by the steepest rise in new orders since June 2014, although production was reportedly held back by supply shortages. Supplier lead times lengthened to the greatest extent on record. At the same time, inflationary pressures intensified, with cost burdens rising at the quickest rate for a decade. Firms partially passed on higher input costs to clients through the sharpest increase in charges in the survey's history. Finally, output expectations strengthened to the second-highest for over six years, as firms were buoyed by hopes of a successful vaccine roll-out, fresh stimulus and a resulting boost to new sales. source: Markit Economics
Manufacturing PMI in the United States averaged 53.38 points from 2012 until 2021, reaching an all time high of 59.20 points in January 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 April of 2021.
Manufacturing PMI in the United States is expected to be 54.00 points 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 51.20 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.