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.