The ISM Manufacturing PMI for the US unexpectedly rose to 56.1 in May of 2022 from 55.4 in April and beating market forecasts of 54.5. Faster increases were seen for new orders (55.1 vs 53.5), production (54.2 vs 53.6) and inventories (55.9 vs 51.6). Also, price pressures eased for a second month (82.2 vs 84.6) while employment contracted (49.6 vs 50.9), although companies improved their progress on addressing moderate-term labor shortages at all tiers of the supply chain. Meanwhile, business sentiment remained strongly optimistic regarding demand but supply chain and pricing issues remain the biggest concerns. source: Institute for Supply Management
Business Confidence in the United States averaged 53.02 points from 1948 until 2022, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Purchasing Managers Index (PMI) - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Business Confidence in the United States is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 56.00 points in 2023 and 52.40 points in 2024, according to our econometric models.