The S&P Global US Manufacturing PMI was revised slightly higher to 52.7 in June of 2022 from a preliminary of 52.4, but still pointed to the slowest growth in factory activity since July of 2020. New orders fell, due to inflationary pressures, weak client confidence in the outlook and supply-chain disruptions. Firms utilised their current holdings of inputs and finished goods to supplement production, with input buying stagnating and supply chain delays easing. A reduction in new orders, combined with a sustained rise in employment led to greater success clearing backlogs of work, which increased at a notably weaker pace. On the price front, input price inflation was the lowest in three months and output charge inflation also moderated. At the same time, inflationary concerns were once again cited by firms, as business confidence regarding the year-ahead outlook slumped to the lowest level since October 2020. source: Markit Economics

Manufacturing PMI in the United States averaged 54.08 points from 2012 until 2022, reaching an all time high of 63.40 points in July of 2021 and a record low of 36.10 points in April of 2020. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Manufacturing PMI 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 Manufacturing PMI is projected to trend around 52.00 points in 2023, according to our econometric models.

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United States Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.70 57.00 points Jun 2022
Services PMI 51.60 53.40 points Jun 2022
Business Confidence 53.00 56.10 points Jun 2022
Composite PMI 51.20 53.60 points Jun 2022
Manufacturing Production 4.70 5.80 percent May 2022
Factory Orders 0.30 1.80 percent Apr 2022
Philadelphia Fed Manufacturing Index -3.30 2.60 points Jun 2022
NY Empire State Manufacturing Index -1.20 -11.60 points Jun 2022
Dallas Fed Manufacturing Index -17.70 -7.30 points Jun 2022
Chicago Fed National Activity Index 0.01 0.40 points May 2022
Kansas Fed Manufacturing Index -1.00 19.00 points Jun 2022

United States Manufacturing PMI
In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
52.70 57.00 63.40 36.10 2012 - 2022 points Monthly
SA

News Stream
US S&P Global Manufacturing PMI Revised Up, But Holds at Nearly 2-Year Lows
The S&P Global US Manufacturing PMI was revised slightly higher to 52.7 in June of 2022 from a preliminary of 52.4, but still pointed to the slowest growth in factory activity since July of 2020. New orders fell, due to inflationary pressures, weak client confidence in the outlook and supply-chain disruptions. Firms utilised their current holdings of inputs and finished goods to supplement production, with input buying stagnating and supply chain delays easing. A reduction in new orders, combined with a sustained rise in employment led to greater success clearing backlogs of work, which increased at a notably weaker pace. On the price front, input price inflation was the lowest in three months and output charge inflation also moderated. At the same time, inflationary concerns were once again cited by firms, as business confidence regarding the year-ahead outlook slumped to the lowest level since October 2020.
2022-07-01
US Factory Growth at Nearly 2-Year Low
The S&P Global Flash US Manufacturing PMI fell to 52.4 in June 2022 from 57 in May, well below market expectations of 56 and pointing to the slowest growth in factory activity for almost two years as contractions in output and new orders weighed. Production and new sales declined for the first since the depths of the pandemic in mid-2020 driven by weak client demand, as inflation, material shortages and delivery delays led some customers to pause or lower their purchases of goods and were accompanied by a renewed decrease in foreign client demand. On the price front, input prices rose at the slowest since April 2021 and output charges increased the least since January. In line with a renewed fall in backlogs of work, manufacturers expanded their workforce numbers at the softest pace since February. Lastly, goods producers registered the lowest degree of confidence in the outlook for output over the coming year for 20 months in June.
2022-06-23
US Manufacturing PMI Revised Lower: S&P Global
The S&P Global US Manufacturing PMI was revised lower to 57 in May of 2022 from a preliminary of 57.5, pointing to the slowest albeit robust growth in factory activity since January. Production and new orders eased although employment picked up and backlogs of work increased. Meanwhile, the rate of cost inflation accelerated to the fastest in six months, with firms passing on higher expenses to customers through a near-record rise in output charges. Higher operating expenses were commonly linked to hikes in metals, energy, fuel and transportation costs, with some firms mentioning that the war in Ukraine and COVID-19 lockdowns in mainland China had exacerbated surging prices. Also, business confidence fell to the lowest level since October 2020.
2022-06-01