The IHS Markit US Composite PMI rose to 57.3 in October 2021, from 55.0 in the previous month, a preliminary estimate showed. The latest reading signaled the fastest pace of expansion in private sector business activity for three months and one that was sharp overall, as service sector growth accelerated to the strongest since July. Meanwhile, manufacturing output increased the least in 15 months amid reports of material shortages and supply chain delays. Inflows of new work continued to expand solidly, although at the softest pace since December 2020, while the level of outstanding business rose at a series record pace and the rate of job creation was the fastest since June. On the price front, both input and output costs rose at record rates. Finally, the level of sentiment regarding output in the year ahead dipped to the joint-lowest in eight months. source: Markit Economics
Composite PMI in the United States averaged 54.44 points from 2013 until 2021, 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 October of 2021.
Composite PMI in the United States is expected to be 55.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Composite PMI is projected to trend around 51.80 points in 2022 and 50.80 points in 2023, according to our econometric models.