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.