The IHS Markit US Manufacturing PMI fell to 53.9 in December of 2018 from 55.3 in November, below market expectations of 55.1. The reading pointed to the slowest expansion in factory activity since November of 2017, as new orders and employment rose at a slower pace, preliminary estimates showed. Also, the near-term outlook has become less favourable. Manufacturing PMI in the United States is reported by Markit Economics.

Manufacturing PMI in the United States is expected to be 55.20 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 53.20 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 51.00 in 2020, according to our econometric models.

United States Manufacturing PMI
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US Factory Growth Lowest in Over a Year



The IHS Markit US Manufacturing PMI fell to 53.9 in December of 2018 from 55.3 in November, below market expectations of 55.1. The reading pointed to the slowest expansion in factory activity since November of 2017, as new orders and employment rose at a slower pace, preliminary estimates showed. Also, the near-term outlook has become less favourable.

The fall in the headline PMI mainly reflected weaker contributions from new orders and employment growth at the end of the year.

The rate of manufacturing job creation was the softest since August 2017. More cautious staff hiring policies were partly due to a drop in business optimism to its lowest for 26 months, which a number of firms attributed to concerns about the outlook for the global economy. Some firms also commented on pressure on operating margins following a sustained period of rising raw material costs. 

On the other hand, manufacturing production volumes increased solidly in December, with the rate of expansion unchanged since the previous month.


Markit | Joana Taborda | joana.taborda@tradingeconomics.com
12/14/2018 2:51:57 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 59.30 57.70 77.50 29.40 Index Points [+]
Manufacturing PMI 53.90 55.30 57.90 50.70 [+]
Services PMI 53.40 54.70 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.70 60.30 62.00 37.60 [+]
Composite Pmi 53.60 54.70 61.00 50.00 Index Points [+]
Industrial Production 3.90 3.80 62.00 -33.70 percent [+]
Industrial Production Mom 0.60 -0.20 16.60 -10.40 percent [+]
Manufacturing Production 2.00 2.20 67.90 -39.40 percent [+]
Capacity Utilization 78.50 78.10 89.39 66.71 percent [+]
Durable Goods Orders -4.40 -0.10 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -1.20 -1.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 -0.60 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.30 0.10 4.60 -7.20 percent [+]
New Orders 502677.00 515334.00 565232.00 223500.00 USD Million [+]
Factory Orders -2.10 0.20 10.60 -10.00 percent [+]
Business Inventories 0.60 0.50 1.30 -2.00 percent [+]
Changes in Inventories 86.65 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.80 0.70 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2073.50 2007.53 2073.50 14.70 USD Billion [+]
NFIB Business Optimism Index 104.80 107.40 108.80 80.10 Index Points [+]
Ism New York Index 67.80 69.80 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 12.90 22.20 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 23.30 21.10 39.00 -35.10 Index Points [+]
Richmond Fed Manufacturing Index 14.00 15.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.24 0.14 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 17.60 29.40 47.10 -60.10 Index Points [+]
Chicago Pmi 66.40 58.40 81.00 20.70 Index Points [+]
Car Production 2.71 2.64 9.92 1.29 Million Units [+]
Car Registrations 436.69 443.14 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.49 17.57 21.77 9.05 Million [+]
Crude Oil Stocks Change -1.21 -7.32 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -77.00 -63.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 2087.00 1699.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.54 124.26 124.54 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 -10.18 5.36 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 873.00 877.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 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 7571.00 7251.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.20 13.60 108.20 -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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
53.90 55.30 57.90 50.70 2012 - 2018 Monthly
SA




Country Last Previous
Australia 51.30 Nov/18
Brazil 52.70 Nov/18
Canada 54.90 Nov/18
China 50.20 Nov/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 54.00 Nov/18
Indonesia 50.40 Nov/18
Italy 48.60 Nov/18
Japan 52.40 Dec/18
Mexico 49.70 Nov/18
Netherlands 56.10 Nov/18
Russia 52.60 Nov/18
Saudi Arabia 55.20 Nov/18
Singapore 51.50 Nov/18
South Africa 49.50 Nov/18
South Korea 48.60 Nov/18
Spain 52.60 Nov/18
Switzerland 57.70 Nov/18
Turkey 44.70 Nov/18
United Kingdom 53.10 Nov/18
United States 53.90 Dec/18


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