The S&P Global US Manufacturing PMI was revised upward to 54.5 in April 2026, from a preliminary estimate of 54.0 and above March’s 52.3, indicating the strongest expansion in the manufacturing sector since May 2022. New orders increased at the fastest pace in four years, despite an eleventh consecutive monthly decline in exports due to tariffs and the Middle East conflict. Output growth accelerated to its highest level since April 2022, driven by stockpiling efforts to mitigate rising price and supply pressures tied to the war. Finished goods inventories recorded their first net increase in three months. Purchasing activity rose at the sharpest rate in four years, while employment levels fell for the first time in nine months, and by the most in a year and a half. On the price front, input cost inflation reached a ten-month high, and output charges rose at the fastest pace since June 2025. Business confidence also improved to its highest level since February 2025. source: S&P Global

Manufacturing PMI in the United States increased to 54.50 points in April from 52.30 points in March of 2026. Manufacturing PMI in the United States averaged 53.03 points from 2012 until 2026, 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.

Manufacturing PMI in the United States increased to 54.50 points in April from 52.30 points in March of 2026. Manufacturing PMI in the United States is expected to be 51.30 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 51.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
ISM Manufacturing PMI 52.70 52.70 points Apr 2026
Chicago Fed National Activity Index -0.20 0.03 points Mar 2026
Dallas Fed Manufacturing Index -2.30 -0.20 points Apr 2026
Factory Orders MoM 1.50 0.30 percent Mar 2026
Kansas Fed Manufacturing Index 10.00 11.00 points Apr 2026
Manufacturing Production YoY 1.30 0.60 percent Apr 2026
NY Empire State Manufacturing Index 19.60 11.00 points May 2026
Philadelphia Fed Manufacturing Index 26.70 18.10 points Apr 2026


United States Manufacturing PMI
The S&P Global US Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 800 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
US Manufacturing Sector Grows the Most Since 2022
The S&P Global US Manufacturing PMI was revised upward to 54.5 in April 2026, from a preliminary estimate of 54.0 and above March’s 52.3, indicating the strongest expansion in the manufacturing sector since May 2022. New orders increased at the fastest pace in four years, despite an eleventh consecutive monthly decline in exports due to tariffs and the Middle East conflict. Output growth accelerated to its highest level since April 2022, driven by stockpiling efforts to mitigate rising price and supply pressures tied to the war. Finished goods inventories recorded their first net increase in three months. Purchasing activity rose at the sharpest rate in four years, while employment levels fell for the first time in nine months, and by the most in a year and a half. On the price front, input cost inflation reached a ten-month high, and output charges rose at the fastest pace since June 2025. Business confidence also improved to its highest level since February 2025.
2026-05-01
US Manufacturing PMI Jumps to Near Four-Year High
The S&P Global US Manufacturing PMI climbed to 54.0 in April 2026, up from 52.3 in March and surpassing market expectations of 52.5, according to preliminary data. This marks the strongest improvement in factory business conditions since May 2022, driven by production growth hitting a four-year high and new orders rising at the fastest pace since May 2022. Input inventories also contributed positively, increasing marginally but at the quickest rate since January. Supplier delivery times lengthened significantly, the most since August 2022, boosting the PMI, though some delays stemmed from Middle East war-related supply constraints rather than pure demand-driven vendor activity. The sole negative factor was employment, which contracted for the first time since July 2025.
2026-04-23
US Manufacturing Growth Remains Solid in March
The S&P Global US Manufacturing PMI held at 52.3 in March 2026, slightly below the preliminary estimate of 52.4 but up from 51.6 in February. The reading signals solid expansion in the sector, driven by stronger output and new orders, particularly from domestic demand, as businesses stockpiled supplies and secured pricing amid the Middle East conflict. However, international sales continued to decline, hampered by tariffs and shipping challenges. Employment levels remained flat, while supplier delivery times worsened to the greatest extent in 3.5 years, reflecting war-related transportation disruptions and vendor stock shortages. Cost pressures intensified, with input inflation reaching its highest level since August 2025 and output charges rising at the fastest pace in seven months. Business confidence dipped slightly, as firms expressed concerns over rising energy prices and tariffs.
2026-04-01