The IHS Markit US Composite PMI rose to 53.1 in January 2020 from 52.7 in the previous month and above market expectations of 52.5, a preliminary estimate showed. The latest reading pointed to the quickest rise in output since last March, as service sector expanded at a faster pace (PMI at 53.2 vs 52.8 in December) while manufacturing growth eased to a three-month low (PMI at 51.7 vs 52.4 in December). New business increased at a slower rate amid a decline in exports, while employment rose the most since last July. On the price front, input cost inflation hit a seven-month high, while average output charge inflation slowed from December’s ten-month high. Looking ahead, business sentiment was the strongest for seven months.
Composite Pmi in the United States averaged 54.57 points from 2013 until 2020, reaching an all time high of 61 points in June of 2014 and a record low of 50 points in February of 2016. 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. source: Markit Economics
Composite Pmi in the United States is expected to be 51.90 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 51.10 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 51.90 points in 2020, according to our econometric models.