The IHS Markit US Composite PMI dropped to 55.7 in December 2020, from November’s 68-month high of 58.6, a preliminary estimate showed. The latest reading signaled a loss of momentum in the US private sector economic growth, most notable in the service sector, where additional restrictions and softer demand impacted consumer-facing business once again. source: Markit Economics

Composite PMI in the United States averaged 53.78 points from 2013 until 2020, reaching an all time high of 61 points in June of 2014 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 December of 2020.

Composite PMI 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 Composite PMI in the United States to stand at 51.00 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 50.40 points in 2021 and 50.80 points in 2022, according to our econometric models.

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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.70 58.60 61.00 27.00 2013 - 2020 points Monthly
SA


News Stream
US Private Sector Activity Growth Slows in December
The IHS Markit US Composite PMI dropped to 55.7 in December 2020, from November’s 68-month high of 58.6, a preliminary estimate showed. The latest reading signaled a loss of momentum in the US private sector economic growth, most notable in the service sector, where additional restrictions and softer demand impacted consumer-facing business once again.
2020-12-16
US Composite PMI Highest Since 2015: Markit
The IHS Markit US Composite PMI was revised higher to 58.6 in November 2020, up from a preliminary estimate of 57.9 and compared with October's 56.3. The latest reading signaled the steepest month of expansion in the US private sector business activity since March 2015, as manufacturing and service sector firms both recorded faster expansions in output. New order growth was the strongest since mid-2018, largely driven by domestic demand, as both goods producers and service providers indicated only marginal upturns in new export business. In addition, employment rose the most since the survey began in 2009. On the price front, both input costs and output charges rose at record rates. Looking ahead, business expectations strengthened to the highest since May 2014 amid vaccine hopes and signs of pent-up demand being released.
2020-12-03
US Composite PMI at Over 5-1/2-Year High, Hiring at All-Time High
The IHS Markit US Composite PMI rose to 57.9 in November 2020 from 56.3 in the previous month, indicating the steepest month of expansion in the US private sector business activity in over five-and-a-half years, a preliminary estimate showed. New order growth was the strongest since June 2018, largely driven by domestic demand, as both goods producers and service providers indicated only marginal upturns in new export business. In addition, employment rose the most since the survey began in 2009. On the price front, firms raised their selling prices at the quickest pace on record due to improving demand environment. Input costs also increased at a record rate as demand for inputs and supply shortages reportedly pushed supplier prices higher. Looking ahead, business sentiment was the highest since May 2014 boosted by hopes of a vaccine against COVID-19, and an end to election uncertainty.
2020-11-23
US Private Sector Output Growth at 29-month High
The IHS Markit US Composite PMI was revised higher to 56.3 in October of 2020 from a preliminary reading of 55.5 and 54.3 in the previous month. The reading pointed to the fourth successive expansion in private sector activity and the sharpest since May of 2018, driven by the strongest increase in service sector business activity since April 2015 (PMI at 56.9 from 54.6) alongside a more modest acceleration of manufacturing growth to an 11-month high (PMI at 53.4 from 53.2 in September). Contributing to output growth was the fastest rise in new business since February 2019. The improvement was driven by domestic demand, as new export orders almost stalled. Amid emerging reports of spare capacity, private sector firms indicated a slower rise in employment. Meanwhile, rates of input price and output charges inflation eased. Finally, companies were more upbeat regarding the outlook for output over the coming 12 months, with optimism surging by a survey record extent in October.
2020-11-04

United States Composite PMI
In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector). The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction.