The S&P Global US Composite PMI fell to a five-month low of 51.2 in June 2022 from 53.6 in May, a preliminary estimate showed. The increase in activity was the second-weakest since July 2020, with slower service sector output growth and the first contraction in manufacturing production in two years. Manufacturers and service providers experienced slower job growth, with the rate of total job creation slowing to its lowest since February. On the price front, input inflation eased to the slowest in five months while output charges rose at the feeblest pace since March 2021. Finally, firms were markedly more pessimist regarding the outlook for production over the coming amid a worsening outlook for inflation and growth. source: Markit Economics

Composite PMI in the United States averaged 54.48 points from 2013 until 2022, reaching an all time high of 68.70 points in May of 2021 and a record low of 27 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Composite 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. In the long-term, the United States Composite PMI is projected to trend around 51.80 points in 2023 and 50.80 points in 2024, according to our econometric models.

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United States Composite PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.70 57.00 points Jun 2022
Services PMI 51.60 53.40 points Jun 2022
Composite PMI 51.20 53.60 points Jun 2022

United States Composite PMI
In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector). The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction.
Actual Previous Highest Lowest Dates Unit Frequency
51.20 53.60 68.70 27.00 2013 - 2022 points Monthly
SA

News Stream
US Private Sector Activity Eases Further in June
The S&P Global US Composite PMI fell to a five-month low of 51.2 in June 2022 from 53.6 in May, a preliminary estimate showed. The increase in activity was the second-weakest since July 2020, with slower service sector output growth and the first contraction in manufacturing production in two years. Manufacturers and service providers experienced slower job growth, with the rate of total job creation slowing to its lowest since February. On the price front, input inflation eased to the slowest in five months while output charges rose at the feeblest pace since March 2021. Finally, firms were markedly more pessimist regarding the outlook for production over the coming amid a worsening outlook for inflation and growth.
2022-06-23
US Private Sector Activity Growth Eases More than Anticipated
The S&P Global US Composite PMI was revised lower to 53.6 in May of 2022 from a preliminary of 53.8, down from 56.0 in April, to signal a solid but slower upturn in private sector business activity. The softer rise in output reflected slower increases in the manufacturing and service sectors, amid hikes in selling prices and supply-chain disruption. The rise in new orders was the joint-softest since September 2020 and foreign client demand increased at the weakest rate since January. Inflationary pressures remained marked in May, as the rate of increase in cost burdens accelerated again. Although the pace of input price inflation quickened to a series high, there was evidence of a hesitancy to completely pass higher costs on, as output charges rose at a softer pace. Backlogs of work continued to expand sharply, however, as firms stepped up their hiring activity in response.
2022-06-03
US Private Sector Growth Eases to 4-Month High
The S&P Global Flash US Composite PMI registered 53.8 in May of 2022, down from 57.7 in March, down from 56.0 in April, to signal the weakest rate of expansion of output across private sector firms for four months, with the index now below the series long-run average of 54.8, preliminary estimates showed. Manufacturers and service providers signaled softer upturns in output amid elevated inflationary pressures, a further deterioration in supplier delivery times and weaker demand growth. Still, business confidence across the private sector remained upbeat, with firms recording a stronger degree of optimism in the outlook for output over the coming year in May.
2022-05-24