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.