The S&P Global Flash US Manufacturing PMI fell to 57.5 in May of 2022 from 59.2 in April, pointing to the slowest growth in factory activity in three months. Still, the reading came in line with expectations and pointed to robust growth supported by strong and steep expansions in output and new orders, alongside a faster upturn in employment and longer supplier lead-times. Also, inflationary pressures remained substantial, with input costs rising at the sharpest pace since November 2021, amid hikes in key components and logistics including; transportation, metals, fuel and cardboard prices. Output charges rose at the third-steepest pace on record as a result. Meanwhile, business sentiment was at the lowest in seven months as hopes of new client acquisitions and greater demand were dampened by inflationary fears. source: Markit Economics

Manufacturing PMI in the United States averaged 54.09 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 May of 2022.

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. 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 57.50 59.20 points May 2022
Services PMI 53.50 55.60 points May 2022
Business Confidence 55.40 57.10 points Apr 2022
Composite PMI 53.80 56.00 points May 2022
Manufacturing Production 5.80 4.80 percent Apr 2022
Factory Orders 2.20 0.10 percent Mar 2022
NY Empire State Manufacturing Index -11.60 24.60 points May 2022
Philadelphia Fed Manufacturing Index 2.60 17.60 points May 2022
Dallas Fed Manufacturing Index 1.10 8.70 points Apr 2022
Chicago Fed National Activity Index 0.47 0.36 points Apr 2022
Kansas Fed Manufacturing Index 28.00 46.00 points Apr 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
57.50 59.20 63.40 36.10 2012 - 2022 points Monthly
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News Stream
US Factory Growth Eases Slightly
The S&P Global Flash US Manufacturing PMI fell to 57.5 in May of 2022 from 59.2 in April, pointing to the slowest growth in factory activity in three months. Still, the reading came in line with expectations and pointed to robust growth supported by strong and steep expansions in output and new orders, alongside a faster upturn in employment and longer supplier lead-times. Also, inflationary pressures remained substantial, with input costs rising at the sharpest pace since November 2021, amid hikes in key components and logistics including; transportation, metals, fuel and cardboard prices. Output charges rose at the third-steepest pace on record as a result. Meanwhile, business sentiment was at the lowest in seven months as hopes of new client acquisitions and greater demand were dampened by inflationary fears.
2022-05-24
US Manufacturing PMI Revised Lower but Points to Strong Factory Growth: S&P
The S&P Global US Manufacturing PMI was revised lower to 59.2 in April of 2022 from a preliminary of 59.7, but remained above 58.8 in March. The rate of overall factory growth accelerated for the third month and was the strongest since September, driven by a quicker expansion in output, a softer deterioration in vendor performance and a series-record rise in pre-production inventories. Although lead times lengthened further, severe material and capacity shortages at suppliers led to sharper increases in cost burdens and selling prices. Meanwhile, firms continued to hire additional staff to ease pressure on capacity, as backlogs of work rose at the slowest pace since February 2021. At the same time, firms were strongly upbeat regarding the 12-month outlook for output, but concerns regarding inflation and geopolitical tensions pushed confidence to the lowest for six months.
2022-05-02
US Factory Activity Growth Highest in 7 Months
The S&P Global Flash US Manufacturing PMI increased to 59.7 in April of 2022 from 58.8 in March, beating market forecasts of 58.2. The reading pointed to the strongest growth in factory activity in seven months, mainly due to faster rises in output, new orders and employment. Despite another marked deterioration in vendor performance, firms were able to increase production amid stronger client demand and the acquisition of new customers, mainly from abroad. Inflationary pressures remained marked, with the rate of increase in costs quickening again to the sharpest since last November’s series record amid reports of hikes in fuel, material and transportation prices. Output prices also increased at a record pace. Although firms stepped up their input buying and efforts to build safety stocks, backlogs of work rose steeply. Finally, the degree of confidence in the manufacturing sector slipped to a six-month low following greater geopolitical uncertainty and inflation concerns.
2022-04-22