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.