The IHS Markit US Manufacturing PMI was little changed at 56.5 in December of 2020 from 56.7 in November, beating market forecasts of 55.7, flash estimates showed. The reading pointed to the second-fastest improvement in operating conditions since April of 2018, amid strong output and new orders growth. However, vendor performance posted the greatest deterioration in ever as supplier delivery times were extended following severe raw material shortages and supplier capacity and logistical constraints. Input costs increased further and at the sharpest rate since April 2018. Firms were able to partially pass-on higher costs to clients, however, as selling prices rose at the steepest pace since April 2011. At the same time, goods producers increased workforce numbers at a faster pace amid another monthly rise in backlogs of work. Encouragingly, manufacturers were historically upbeat regarding the outlook for output over the coming year. source: Markit Economics

Manufacturing PMI in the United States averaged 53.21 points from 2012 until 2020, reaching an all time high of 57.90 points in August of 2014 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 December of 2020.

Manufacturing PMI in the United States is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United States to stand at 51.00 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 50.00 points in 2021 and 51.00 points in 2022, according to our econometric models.

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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.50 56.70 57.90 36.10 2012 - 2020 points Monthly
SA


News Stream
US Factory Growth Remains Robust: Markit
The IHS Markit US Manufacturing PMI was little changed at 56.5 in December of 2020 from 56.7 in November, beating market forecasts of 55.7, flash estimates showed. The reading pointed to the second-fastest improvement in operating conditions since April of 2018, amid strong output and new orders growth. However, vendor performance posted the greatest deterioration in ever as supplier delivery times were extended following severe raw material shortages and supplier capacity and logistical constraints. Input costs increased further and at the sharpest rate since April 2018. Firms were able to partially pass-on higher costs to clients, however, as selling prices rose at the steepest pace since April 2011. At the same time, goods producers increased workforce numbers at a faster pace amid another monthly rise in backlogs of work. Encouragingly, manufacturers were historically upbeat regarding the outlook for output over the coming year.
2020-12-16
US Manufacturing PMI Confirmed at Near 6-Year High: Markit
The IHS Markit US Manufacturing PMI was confirmed at 56.7 in November of 2020, the same as in the preliminary estimate and pointing to the strongest factory growth since September of 2014. Overall growth was supported by faster upturns in output and new orders amid stronger domestic and foreign client demand. Employment rose only marginally, however, and pressure on capacity was exacerbated by near-survey record supply chain delays and input shortages. Despite short-term uncertainty reflected in slower hiring, firms were the most confident regarding the outlook for output over the coming year in almost six years. On the price front, input prices increased markedly and output charges rose at the fastest pace for over two years as firms sought to pass these higher costs on to customers.
2020-12-01
US Factory Growth Strongest in Over 6 Years
The IHS/Markit US Manufacturing PMI jumped to 56.7 in November of 2020 from 53.4 in October, beating market forecasts of 53, flash estimates showed. The reading pointed to the strongest expansion in factory activity since September of 2014, amid a marked rise in output, largely driven by a notable uptick in new business as demand conditions improved. Moreover, the rise in production was the fastest since March 2015 and new export orders also rebounded but job creation slowed despite the strongest rise in backlogs of work since August of 2014. The rate of input price inflation picked up to the fastest since October of 2018, as demand for inputs increased once again and amid a record-breaking deterioration in vendor performance. Higher supplier prices were passed on to clients in part, however, through the sharpest rise in charges for over two years. Finally, business confidence soared to the strongest since February of 2015.
2020-11-23
US Manufacturing PMI Revised Slightly Higher: Markit
The IHS Markit US Manufacturing PMI was revised higher to 53.4 in October of 2020 from a preliminary estimate of 53.3. The reading pointed to the 4th consecutive month of growth in factory activity and the strongest since January of 2019, marking a further move away from April's nadir. Output growth was the sharpest since November of 2019, driven by stronger client demand and higher new order inflows. New order growth picked up due to more robust client demand, with some firms noting larger orders being placed. Although domestic demand ticked higher, new export orders fell for the first time since July due to reimposed coronavirus lockdown restrictions in Europe. Reflecting weaker pressure on capacity, firms increased their workforce numbers at a softer pace. Meanwhile, average cost burdens increased at the steepest rate since January of 2019. Business expectations remained positive, improving on September’s 4-month low, as firms foresee a rise in output over the coming year.
2020-11-02

United States Manufacturing PMI
In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.