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.


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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.10 52.70 61.00 50.00 2013 - 2020 points Monthly
SA

News Stream
2020-01-06
US Private Sector Growth Highest in 8 Months: PMI
The IHS Markit US Composite PMI was revised higher to 52.7 from a preliminary of 52.2 in December of 2019 and 52 in the previous month. The reading pointed to the strongest growth in private sector activity in eight months as services accelerated (52.8 from 51.6) while manufacturing slowed (52.4 from 52.6). New business grew at the strongest rate since July, with service providers recording a second successive and sharper rise in client demand. Similarly, firms indicated back-to-back expansions in new export orders, albeit both at fractional rates overall. Employment also continued to rebound from the contractions seen in September and October, with both sectors registering a rise in staffing levels. Meanwhile, rates of input and output price inflation quickened as private sector firms sought to pass higher costs on to clients and protect margins. Finally, output expectations remained historically subdued as firms remained uncertain regarding future client demand.

2019-12-16
US Private Sector Activity Growth Beats Forecasts
The IHS Markit US Composite PMI rose to a five-month high of 52.2 in December 2019 from 52 in the previous month and beating market expectations of 51.9, a preliminary estimate showed. Growth was supported by a stronger increase in activity across the services sector (PMI at 52.2 vs 51.6 in November) while manufacturing output was little-changed (PMI at 52.5 vs 52.6 in November). New orders picked up to a five-month high and the job creation rate growth accelerated to its highest since July. On the price front, input cost inflation rose and output price inflation increased to a ten-month high. Lastly, sentiment improved among private sector firms, with the level of optimism strengthening to the highest since June.

2019-12-04
US November Composite PMI Revised Higher
The IHS Markit US Composite PMI came in at four-month high of 52.0 in November 2019, little-changed from a preliminary 51.9 and compared to October's final reading of 50.9. Growth was supported by stronger increases in activity across both the manufacturing (PMI at 52.6 vs 51.3 in October) and service sectors (PMI at 51.6 vs 50.6 in October). Employment rebounded amid greater new business inflows and a rise in backlogs of work, while business confidence remained subdued.

2019-11-22
US Private Sector Growth at 4-Month High
The IHS Markit US Composite PMI went up to a four-month high of 51.9 in November 2019 from 50.9 in the previous month, in line with market expectations, a preliminary estimate showed. Growth was supported by stronger increases in activity across both the manufacturing (PMI at 52.2 vs 51.3 in October) and service sectors (PMI at 51.6 vs 50.6 in October).

2019-11-05
US Private Sector Growth Revised Down
The IHS Markit Composite PMI edged down to 50.9 in October 2019 from 51 in the previous month and below preliminary estimates of 51.2. The latest reading signals only a marginal rise in output across the private sector, as services activity expanded at the softest pace since February 2016 (PMI at 50.6 from 50.9 in September) while the manufacturing sector grew slightly more (PMI at 51.3 from 51.1). New orders growth fell close to stagnation and new export orders dropped for the third straight month. Also, companies cut jobs at the sharpest rate since December 2009. On the price front, firms signalled a renewed rise in average selling prices for goods and services, with input prices rising at a historically muted pace. Looking ahead, business sentiment towards the year ahead improved.

2019-10-24
US Private Sector Growth Below Forecasts
The IHS Markit Composite PMI rose marginally to 51.2 in October 2019 from 51 in the previous month and missing market expectations of 51.6, a flash estimate showed. The reading continued to point to a moderate expansion in the private sector, though the quickest in three months, as manufacturing output hit a 6-month high (PMI at 51.5 from 51.1 in September) and services activity grew the most in 3 months (PMI at 51.0 from 50.9). New orders rose at the slowest pace since the index began in October 2009 while backlogs of work fell for the third month running, reflecting the near-stalling of inflows of new work. Also, employment decreased for the second month and the most since December 2009, mainly due to more cautious hiring strategies and a lack of new work to replace completed projects. On the price front, average input costs increased for the first time since July. Looking ahead, business sentiment hit a four month-high, on hopes of improved domestic economic conditions.


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.

United States Business Last Previous Highest Lowest Unit
Business Confidence 47.20 48.10 77.50 29.40 points [+]
Services PMI 53.20 52.80 61.00 49.30 points [+]
Non Manufacturing PMI 55.00 53.90 62.00 37.80 points [+]
Manufacturing PMI 51.70 52.40 57.90 50.30 points [+]
Composite Pmi 53.10 52.70 61.00 50.00 points [+]
Industrial Production -1.00 -0.70 62.00 -33.70 percent [+]
Industrial Production Mom -0.30 0.80 16.60 -10.40 percent [+]
Manufacturing Production -1.30 -0.90 67.90 -39.40 percent [+]
Capacity Utilization 77.02 77.37 89.39 66.69 percent [+]
Durable Goods Orders -2.00 0.20 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 0.80 0.00 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 0.00 0.30 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 0.30 4.60 -7.00 percent [+]
New Orders 493029.00 496962.00 549482.00 223500.00 USD Million [+]
Factory Orders -0.70 0.20 10.40 -9.70 percent [+]
Business Inventories -0.20 0.10 1.30 -2.00 percent [+]
Changes in Inventories 69.44 69.40 173.21 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.10 2.10 -2.00 percent [+]
Bankruptcies 22910.00 22483.00 82446.00 19695.00 Companies [+]
Corporate Profits 1868.66 1857.53 1873.90 14.67 USD Billion [+]
NFIB Business Optimism Index 102.70 104.70 108.80 80.10 points [+]
NY Empire State Manufacturing Index 4.80 3.30 39.00 -34.30 points [+]
Philadelphia Fed Manufacturing Index 17.00 2.40 58.50 -57.90 points [+]
Richmond Fed Manufacturing Index -5.00 -1.00 27.00 -44.00 points [+]
Ism New York Index 39.10 50.40 88.80 23.40 percent [+]
Dallas Fed Manufacturing Index -0.20 -3.20 47.60 -59.90 points [+]
Chicago Fed National Activity Index -0.35 0.41 2.79 -5.29 [+]
Chicago Pmi 48.90 46.30 78.60 21.20 points [+]
Total Vehicle Sales 17.10 16.60 21.77 9.05 Million [+]
Car Production 2.53 2.57 9.92 1.29 Million Units [+]
Car Registrations 345.67 373.49 1149.00 331.50 Thousand [+]
Crude Oil Stocks Change -0.41 -2.55 14.42 -15.22 BBL/1Million [+]
Gasoline Stocks Change 1745.00 6678.00 11456.00 -8428.00 Thousand Barrels [+]
Natural Gas Stocks Change -92.00 -109.00 147.00 -359.00 Billion cf [+]
Leading Economic Index 129.78 129.35 129.78 45.48 points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
Crude Oil Rigs 676.00 673.00 1609.00 98.00 [+]
API Crude Oil Stock Change 1.60 1.10 14.30 -12.40 BBL/1Million [+]
Competitiveness Index 83.67 85.64 85.64 5.42 Points [+]
Competitiveness Rank 2.00 1.00 7.00 1.00 [+]
Corruption Index 69.00 71.00 78.00 69.00 Points [+]
Corruption Rank 23.00 22.00 24.00 14.00 [+]
Crude Oil Imports -53.00 -595.00 2201.00 -2518.00 Thousand Barrels [+]
Distillate Fuel Production -251.00 -105.00 570.00 -699.00 Thousand Barrels [+]
Distillate Stocks -1185.00 8171.00 11205.00 -13011.00 Thousand Barrels [+]
Cushing Crude Oil Stocks -961.00 342.00 4737.00 -4184.00 Thousand Barrels [+]
Ease of Doing Business 6.00 8.00 8.00 4.00 [+]
Gasoline Production 254.00 394.00 1082.00 -1494.00 Thousand Barrels [+]
Steel Production 7233.00 7407.00 11951.00 3799.00 Thousand Tonnes [+]
Refinery Crude Runs 76.00 -386.00 1572.00 -3253.00 Thousand Barrels [+]
Mining Production 1.40 2.30 108.20 -28.80 percent [+]
Kansas Fed Manufacturing Index -4.00 -3.00 35.00 -32.00 points [+]
Heating Oil Stocks 142.00 -168.00 94208.00 -92090.00 Thousand Barrels [+]