The ISM Manufacturing PMI for the US fell to 57.5 in November of 2020 from a two year high of 59.3 reached in October. The PMI came slightly lower than market forecasts of 58, but still pointed to expansion in the overall economy for the seventh month in a row. A slowdown was seen in production (60.8 vs 63), new orders (65.1 vs 67.9) and inventories (51.2 vs 51.9) while employment contracted (48.4 vs 53.2). On the other hand, new export orders increased faster (57.8 vs 55.7). "The manufacturing economy continued its recovery in November. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories, but absenteeism, short-term shutdowns to sanitize facilities and difficulties in returning and hiring workers are causing strains that will likely limit future manufacturing growth potential. Panel sentiment, however, is optimistic", said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee. source: Institute for Supply Management

Business Confidence in the United States averaged 52.88 points from 1948 until 2020, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Purchasing Managers Index (PMI) - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Business Confidence in the United States is expected to be 57.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in the United States to stand at 51.00 in 12 months time. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 53.40 points in 2021 and 52.40 points in 2022, according to our econometric models.

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United States ISM Purchasing Managers Index (PMI)

Actual Previous Highest Lowest Dates Unit Frequency
57.50 59.30 77.50 29.40 1948 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-01 03:00 PM ISM Manufacturing Prices Nov 65.4 65.5 65 64
2020-12-01 03:00 PM ISM Manufacturing New Orders Nov 65.1 67.9 65
2020-12-01 03:00 PM ISM Manufacturing Employment Nov 48.4 53.2 51
2020-12-01 03:00 PM ISM Manufacturing PMI Nov 57.5 59.3 58 57
2021-01-05 03:00 PM ISM Manufacturing PMI Dec 57.5 56.4
2021-01-05 03:00 PM ISM Manufacturing Employment Dec 48.4 48
2021-01-05 03:00 PM ISM Manufacturing Prices Dec 65.4 61.1
2021-02-01 03:00 PM ISM Manufacturing Prices Jan


News Stream
US Factory Growth Slows: ISM
The ISM Manufacturing PMI for the US fell to 57.5 in November of 2020 from a two year high of 59.3 reached in October. Figures came slightly lower than market forecasts of 58, but still pointed to expansion in the overall economy for the seventh month in a row. A slowdown was seen in production (60.8 vs 63), new orders (65.1 vs 67.9) and inventories (51.2 vs 51.9) while employment contracted (48.4 vs 53.2). On the other hand, new export orders increased faster (57.8 vs 55.7). "The manufacturing economy continued its recovery in November. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories, but absenteeism, short-term shutdowns to sanitize facilities and difficulties in returning and hiring workers are causing strains that will likely limit future manufacturing growth potential. Panel sentiment, however, is optimistic", said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee.
2020-12-01
US Factory Growth Strongest in 2 Years
The ISM Manufacturing PMI for the United States jumped to 59.3 in October of 2020 from 55.4 in September, beating market forecasts of 56.4. The reading pointed to the strongest growth in factory activity since September of 2018, amid faster increases in new orders (67.9 vs 60.2), new export orders (55.7 vs 54.3) and production (63 vs 61) and a rebound in employment (53.2 vs 49.6) and inventories (51.9 vs 47.1). Price pressures also intensified (65.5 vs 62.8). “The manufacturing economy continued its recovery in October. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories; with every month, they are becoming more proficient at expanding output. Panel sentiment was optimistic (two positive comments for every cautious comment), a slight decrease compared to September", Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee said.
2020-11-02
US Factory Growth Falls from Near 2-Year High: ISM
The ISM Manufacturing PMI for the United States fell to 55.4 in September of 2020 from 56 in August, below market forecasts of 56.4. The reading pointed to the 4th consecutive month of expansion in factory activity, although the growth rate eased from August's near 2-year high. A slowdown was seen in new orders (60.2 vs 67.6), production (61 vs 63.3) and supplier deliveries (59 vs 58.2) while employment was nearly stable (49.6 vs 46.4). Inventories contracted at a slower pace (47.1 vs 44.4) and new export orders rose faster (54.3 vs 53.3). Price pressures intensified (62.8 vs 59.5). "After the coronavirus pandemic brought manufacturing activity to historic lows, the sector continued its recovery in September. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories and are becoming more proficient at maintaining output. Panel sentiment was optimistic, an improvement compared to August", Timothy R. Fiore, Chair of the ISM said.
2020-10-01
US Factory Activity Growth Strongest since 2018: ISM
The ISM Manufacturing PMI for the United States increased to 56 in August of 2020 from 54.2 in July, beating market forecasts of 54.5. The reading pointed to the biggest expansion in the manufacturing sector since November of 2018 as August was the first full month of operations after supply chains restarted and adjustments were made for employees to return to work. The new orders subindex reached the highest since December of 2017 (67.6 vs 61.5) and production (63.3 vs 62.1), backlogs of orders (54.6 vs 51.8) and export orders (53.3 vs 50.4) went up faster. Also, employment fell at a slower pace (46.4 vs 44.3) and price pressures were the strongest since November of 2018 (59.5 vs 53.2) while inventories fell more (44.4 vs 47). Of the 18 manufacturing industries, 15 reported growth in August. Also, sentiment was generally optimistic.
2020-09-01

United States ISM Purchasing Managers Index (PMI)
The Manufacturing ISM Report On Business? is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI? reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.