The IHS Markit US Composite PMI was revised higher to 50.3 in July of 2020 from a preliminary reading of 50 and 47.9 in the previous month. The latest reading signaled a fractional expansion in private sector business activity, but the first instance of growth since January. The upturn was largely driven by the resumption of business at manufacturers and service providers, but new business continued to fall. The decrease in new orders quickened slightly despite an expansion in manufacturing client demand. Private sector firms increased their workforce numbers, largely stemmed from an uptick in service sector staffing numbers as manufacturers reported a further fall. In contrast to the trend in client demand, firms expect output to rise over the coming year amid hopes of an end to the COVID-19 pandemic and an uptick in new sales. Finally, private sector companies recorded faster increases in output charges and input costs as supplier price hikes were partially passed on to customers.

Composite Pmi in the United States averaged 53.65 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 August of 2020. source: Markit Economics

Composite Pmi in the United States is expected to be 49.40 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 50.00 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.

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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.30 47.90 61.00 27.00 2013 - 2020 points Monthly
SA


News Stream
US Composite PMI Revised Higher: Markit
The IHS Markit US Composite PMI was revised higher to 50.3 in July of 2020 from a preliminary reading of 50 and 47.9 in the previous month. The latest reading signaled a fractional expansion in private sector business activity, but the first instance of growth since January. The upturn was largely driven by the resumption of business at manufacturers and service providers, but new business continued to fall. The decrease in new orders quickened slightly despite an expansion in manufacturing client demand. Private sector firms increased their workforce numbers, largely stemmed from an uptick in service sector staffing numbers as manufacturers reported a further fall. In contrast to the trend in client demand, firms expect output to rise over the coming year amid hopes of an end to the COVID-19 pandemic and an uptick in new sales. Finally, private sector companies recorded faster increases in output charges and input costs as supplier price hikes were partially passed on to customers.
2020-08-05
US Private Sector Output Stabilizes in July
The IHS Markit US Composite PMI rose to 50.0 in July 2020 from 47.9 in the previous month, a preliminary estimate showed, signalling a stabilization in private sector output following five months of contraction. Service sector output contracted at a softer pace, while manufacturing production grew slightly. Overall new orders continued to decline following the re-imposition of lockdown measures in several states, amid a spike in COVID-19 cases. Still, employment increased in July, bringing to an end a four-month sequence of job shedding. On the price front, inflationary pressures intensified at the start of the third quarter. Looking ahead, business optimism was the strongest since April 2019, amid expectations that the recovery in client demand will continue amid hopes of an end to the pandemic.
2020-07-24
US Composite PMI Revised Higher: Markit
The IHS Markit US Composite PMI was revised higher to 47.9 in June 2020 from a preliminary estimate of 46.8 and compared to the previous month's 37.0. Much softer rates of contraction were reported across the manufacturing and service sectors as the economy began to reopen following the coronavirus-related restrictions. New order inflows stabilized and employment fell at softer pace, while excess capacity remained as backlogs of work continued to decline. On the price front, cost burdens were up for the first time since February, with private sector firms partly passing on higher costs to clients. Finally, companies expressed optimism towards the outlook for output over the coming year for the first time since March.
2020-07-06
US Composite PMI Contracts at Softer Pace
The IHS/Markit US Composite PMI increased to 46.8 in June 2020 from 37 in the previous month, a preliminary estimate showed. The reading pointed to the softest contraction in private sector activity in four months, as several firms and states began to reopen following the coronavirus lockdown measures. Both manufacturing output (PMI at 49.6 vs 39.8 in May) and the services sector (PMO at 46.7 vs 37.5 in May) shrank at slower rate. New orders declined at a softer pace despite many firms noting a rebound in demand and the downturn in export orders eased as key foreign markets rose their buying activity amid looser lockdown restrictions. Firms continued to cut workforce numbers, albeit at a modest rate. On the price front, input and output charges rose for the first time since February. Lastly, sentiment improved with the degree of optimism hitting a four-month high amid expectations of a fast economic recovery amid the reopening of states.
2020-06-23

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.