The S&P Global US Manufacturing PMI fell to 55.9 in September 2026 from a preliminary estimate of 57.0, but remained above August’s 53.9. The latest reading was the strongest since May 2022, as output and new orders expanded at faster rates. Firms reported a broad-based pickup in demand, with government and technology-related industries driving higher sales. New business rose at its fastest pace since April and the second-strongest since May 2022. In response, manufacturers sharply increased production, extending the current growth streak to 16 months. Export sales, however, continued to decline amid tariffs and elevated shipping costs. Employment growth also accelerated to its strongest level in more than five years, despite reports of difficulties finding suitable workers. At the same time, vendor lead times lengthened at the fastest pace since August 2022, while inflationary pressures intensified. Business confidence nevertheless remained positive. source: S&P Global

Manufacturing PMI in the United States increased to 55.90 points in September from 53.90 points in August of 2026. Manufacturing PMI in the United States averaged 53.07 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 55.90 points in September from 53.90 points in August of 2026. Manufacturing PMI in the United States is expected to be 52.00 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 51.80 points in 2027 and 51.90 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
ISM Manufacturing PMI 54.50 54.60 points Sep 2026
Chicago Fed National Activity Index -0.04 0.08 points Aug 2026
Dallas Fed Manufacturing Index 9.80 11.60 points Sep 2026
Factory Orders MoM 0.90 -0.20 percent Jul 2026
Kansas Fed Manufacturing Index 20.00 17.00 points Sep 2026
Manufacturing Production YoY 0.90 1.20 percent Aug 2026
NY Empire State Manufacturing Index 7.60 20.60 points Sep 2026
Philadelphia Fed Manufacturing Index 37.80 47.40 points Sep 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 Accelerates to Four-Year High
The S&P Global US Manufacturing PMI fell to 55.9 in September 2026 from a preliminary estimate of 57.0, but remained above August’s 53.9. The latest reading was the strongest since May 2022, as output and new orders expanded at faster rates. Firms reported a broad-based pickup in demand, with government and technology-related industries driving higher sales. New business rose at its fastest pace since April and the second-strongest since May 2022. In response, manufacturers sharply increased production, extending the current growth streak to 16 months. Export sales, however, continued to decline amid tariffs and elevated shipping costs. Employment growth also accelerated to its strongest level in more than five years, despite reports of difficulties finding suitable workers. At the same time, vendor lead times lengthened at the fastest pace since August 2022, while inflationary pressures intensified. Business confidence nevertheless remained positive.
2026-10-01
US Manufacturing Growth Accelerates Sharply in September
The S&P Global US Manufacturing PMI jumped to 57.0 in September 2026 from 53.9 in August, well above market expectations of 53.6, according to the flash estimate. The reading marked the strongest improvement in manufacturing business conditions since May 2022, with all five components contributing to the increase. Production growth rebounded after weakening over the previous three months, reaching its fastest pace since April 2022, while new orders accelerated to their strongest rate in nearly four and a half years. Employment growth rose to its highest level since February 2021, while inventories also increased at a faster pace. Meanwhile, supplier delivery times lengthened to the greatest extent since July 2022.
2026-09-23
US Manufacturing Activity Revised Higher: S&P Global
The S&P Global US Manufacturing PMI was at 53.9 for a third consecutive month in August of 2026, revised higher from the flash estimate of 53.2, and aligned with the initial market expectations. Both output and new order growth eased in the period. Surveyees noted higher cost levels, with input inflation remaining well above the historical levels due to tariff uncertainties and the war in the Middle East, forcing companies to raise their charges. These developments drove firms to cite muted client appetite, resulting in the slowdown for new business. Still, higher production environments had manufacturers raise their purchasing activity for the eighth month running. Looking ahead, companies remained optimistic about their business, underpinning another period of employment growth.
2026-09-01