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. source: Markit Economics
Manufacturing PMI in the United States averaged 54.07 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 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 Manufacturing PMI is projected to trend around 52.00 points in 2023, according to our econometric models.