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.