The S&P Global US Manufacturing PMI climbed to 55.1 in May 2026, up from 54.5 in April but slightly below the preliminary estimate of 55.3. This marked the strongest monthly expansion in the sector since May 2022, driven by the sharpest increase in production since April 2022 and another month of robust new orders. Stockpiling also contributed, as companies sought to mitigate risks from rising prices and supply chain disruptions tied to the Middle East conflict. However, exports declined for the eleventh consecutive month, with firms attributing the drop to geopolitical instability and tariffs. Employment growth, though modest, reached a five-month high, while purchasing activity increased solidly. Supplier delivery times worsened the most since August 2022. On pricing, both input costs and output charges rose at the fastest pace in nearly four years. Business confidence, meanwhile, fell to a four-month low. source: S&P Global

Manufacturing PMI in the United States increased to 55.10 points in May from 54.50 points in April of 2026. Manufacturing PMI in the United States averaged 53.04 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 55.10 points in May from 54.50 points in April of 2026. Manufacturing PMI in the United States is expected to be 54.50 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 54.00 52.70 points May 2026
Chicago Fed National Activity Index 0.14 -0.15 points Apr 2026
Dallas Fed Manufacturing Index 0.40 -2.30 points May 2026
Factory Orders MoM 4.80 1.80 percent Apr 2026
Kansas Fed Manufacturing Index 9.00 10.00 points May 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 -0.40 26.70 points May 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 Growth at Four-Year High
The S&P Global US Manufacturing PMI climbed to 55.1 in May 2026, up from 54.5 in April but slightly below the preliminary estimate of 55.3. This marked the strongest monthly expansion in the sector since May 2022, driven by the sharpest increase in production since April 2022 and another month of robust new orders. Stockpiling also contributed, as companies sought to mitigate risks from rising prices and supply chain disruptions tied to the Middle East conflict. However, exports declined for the eleventh consecutive month, with firms attributing the drop to geopolitical instability and tariffs. Employment growth, though modest, reached a five-month high, while purchasing activity increased solidly. Supplier delivery times worsened the most since August 2022. On pricing, both input costs and output charges rose at the fastest pace in nearly four years. Business confidence, meanwhile, fell to a four-month low.
2026-06-01
US Manufacturing Growth Strongest Since 2022
The S&P Global US Manufacturing PMI rose to 55.3 in May 2026, up from 54.5 in April and beating market expectations of 53.8, preliminary data showed. This marks the strongest manufacturing expansion since May 2022, with output growing at the fastest pace in over four years and job creation at its highest since June 2025. New order growth slowed but remained the second-strongest in four years, partly driven by precautionary stockpiling by clients amid the Middle East conflict. Input inventories also boosted the PMI, rising at the sharpest rate in 11 months, though this partly reflected safety stock building amid price and supply concerns. Supplier delivery times lengthened the most since August 2022.
2026-05-21
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