The ISM Manufacturing PMI in the United States edged up to 61.1 in November 2021, from 60.8 in the previous month and broadly in line with market consensus of 61.0. The latest reading indicated expansion in the manufacturing sector for the 18th month in a row after a contraction in April 2020, even as factories continued to struggle with pandemic-related shortages of raw materials. Faster increases were seen in production (61.5 vs 59.3 in October), new orders (61.5 vs 59.8) and employment (53.3 vs 52.0), while the survey's measure of prices paid by manufacturers fell to a still high 82.4 from 85.7 in the previous month. source: Institute for Supply Management
Business Confidence in the United States averaged 52.99 points from 1948 until 2021, 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 December of 2021.
Business Confidence in the United States is expected to be 57.40 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 2022 and 52.40 points in 2023, according to our econometric models.