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.

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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.10 58.60 59.20 36.10 2012 - 2021 points Monthly
SA


News Stream
US Manufacturing PMI 2nd Highest on Record: Markit
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.
2021-04-01
US Factory Activity Remains Strong: Markit
The IHS Markit Flash US Manufacturing PMI edged up to 59 in March of 2021 from 58.6 in February, slightly below market forecasts of 59.3. The improvement in operating conditions was the second-fastest since April 2010 amid stronger client demand, but data also highlighted the most severe supply chain disruption on record. Sustained deteriorations in vendor performance noticeably impacted manufacturing production capacity, due to a lack of raw materials to fulfil new orders. The upturn in new business accelerated to the sharpest since June 2014 while job creation eased slightly. Amid substantial supplier shortages and input delays, manufacturing firms registered the fastest rise in input costs for a decade and the rate of charge inflation the sharpest on record. Finally, business confidence remained historically upbeat, as firms expect output to rise over the coming year amid stronger new order inflows and hopes of an end to the pandemic.
2021-03-24
US Markit Manufacturing PMI Revised Slightly Higher
The IHS Markit US Manufacturing PMI was revised slightly higher to 58.6 in February of 2021 from a preliminary of 58.5 and compared to 59.2 in January. The reading pointed to a marked upturn in the health of the US manufacturing sector. Although the rate of overall growth eased from January, it was the second-fastest since April 2010 and was supported by sharp increases in output and new orders. Unprecedented supply chain disruption remained apparent, however, with supplier shortages and transportation delays leading to a substantial rise in input costs. Firms were, however, able to partially pass on input prices to clients through the fastest increase in charges since July 2008. At the same time, employment grew at the steepest rate since September 2014, as business confidence also improved.
2021-03-01
US Factory Growth Slows but Remains Robust
The IHS Markit US Manufacturing PMI edged down to 58.5 in February of 2021 from 59.2 in January, matching expectations. Although expansions in production and new orders softened, rates of growth were still steep overall, as manufacturers noted stronger client demand. New export orders also rose further. Nevertheless, supply chain disruption remained apparent, as suppliers’ delivery times lengthened to the greatest extent ever. Key raw material and component shortages, alongside transportation delays, were often cited as factors behind worsening vendor performance. Longer lead times also led to declines in stocks of purchases and finished goods. As a result, cost burdens were pushed higher. The rate of input cost inflation was the sharpest since April 2011 and output inflation the fastest pace since July 2008. The rate of job creation was the quickest since December 2017. Finally, output expectations improved and were the highest since November 2020.
2021-02-19

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.