The ISM Manufacturing PMI rose to 61.2 in May of 2021 from 60.7 in April, beating market forecasts of 60.9 and pointing to slightly stronger growth in factory activity. New orders (67 vs 64.3) and a backlog of orders (70.6 vs 68.2) accelerated and inventories rebounded (50.8 vs 46.5) while employment was at the lowest level since November (50.9 vs 55.1) and price pressures remained elevated (88 vs 89.6). Production (58.5 vs 62.5) and supplier deliveries (78.8 vs 75) also slowed. “Panelists companies and their supply chains continue to struggle to respond to strong demand due to the difficulty in hiring and retaining direct labor. Record backlog, customer inventories and raw material lead times are being reported. The manufacturing recovery has transitioned from first addressing demand headwinds, to now overcoming labor obstacles across the entire value chain,” says Timothy Fiore, ISM Chair. source: Institute for Supply Management

Business Confidence in the United States averaged 52.94 points from 1948 until 2021, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Purchasing Managers Index (PMI) - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Business Confidence in the United States is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in the United States to stand at 53.00 in 12 months time. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 53.40 points in 2022 and 52.40 points in 2023, according to our econometric models.

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United States ISM Purchasing Managers Index (PMI)

Actual Previous Highest Lowest Dates Unit Frequency
61.20 60.70 77.50 29.40 1948 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 02:00 PM ISM Manufacturing New Orders May 67 64.3 64
2021-06-01 02:00 PM ISM Manufacturing Prices May 88 89.6 89.8 90
2021-06-01 02:00 PM ISM Manufacturing Employment May 50.9 55.1 55.3
2021-06-01 02:00 PM ISM Manufacturing PMI May 61.2 60.7 60.9 60.8
2021-07-01 02:00 PM ISM Manufacturing PMI Jun
2021-08-02 02:00 PM ISM Manufacturing PMI Jul
2021-09-01 02:00 PM ISM Manufacturing PMI Aug
2021-10-01 02:00 PM ISM Manufacturing PMI Sep


News Stream
US Factory Activity Growth Beats Forecasts: ISM
The ISM Manufacturing PMI rose to 61.2 in May of 2021 from 60.7 in April, beating market forecasts of 60.9 and pointing to slightly stronger growth in factory activity. New orders (67 vs 64.3) and backlog of orders (70.6 vs 68.2) accelerated and inventories rebounded (50.8 vs 46.5) while employment was at the lowest level since November (50.9 vs 55.1) and price pressures remained elevated (88 vs 89.6). Production (58.5 vs 62.5) and supplier deliveries (78.8 vs 75) also slowed. “Panelists companies and their supply chains continue to struggle to respond to strong demand due to the difficulty in hiring and retaining direct labor. Record backlog, customer inventories and raw material lead times are being reported. The manufacturing recovery has transitioned from first addressing demand headwinds, to now overcoming labor obstacles across the entire value chain,” says Timothy Fiore, ISM Chair.
2021-06-01
US ISM Manufacturing PMI Misses Forecasts
The ISM Manufacturing PMI fell to 60.7 in April of 2021 from 64.7 in March, well below market forecasts of 65 as shortages of inputs likely constrained production. Still, the latest reading pointed to expansion in the manufacturing sector for the 11th month. A slowdown was seen in production (62.5 vs 68.1), new orders (64.3 vs 68) and employment (55.1 vs 59.6) while inventories contracted (46.5 vs 50.8). On the other hand, new export orders increased faster (54.9 vs 54.5). All of the six biggest manufacturing industries expanded, in the following order: Fabricated Metal Products; Chemical Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Transportation Equipment; and Petroleum & Coal Products.
2021-05-03
US Factory Growth Strongest since 1983: ISM
The ISM Manufacturing PMI jumped to 64.7 in March of 2021 from 60.8 in February, well above market forecasts of 61.3. It is the highest reading since December of 1983. Faster increases were seen in production (68.1 vs 63.2 in February), new orders (68 vs 64.8, the highest since January of 2004) and employment (59.6 vs 54.4, the highest since February of 2018) and inventories rebounded (50.8 vs 49.7). Meanwhile, both new export orders (54.5 vs 57.2) and supplier deliveries (76.6 vs 72) slowed a bit and price pressures remained elevated (85.6 vs 86). “The manufacturing economy continued its recovery in March. However, Survey Committee Members reported that their companies and suppliers continue to struggle to meet increasing rates of demand due to coronavirus impacts limiting availability of parts and materials", Timothy Fiore, Chair of the ISM said.
2021-04-01
US Factory Growth at 3-Year High: ISM
The ISM Manufacturing PMI jumped to 60.8 in February of 2021 from 58.7 in January, beating market expectations of 58.8. The reading pointed to the strongest expansion in factory activity since February of 2018. New orders (64.8 vs 61.1), production (63.2 vs 60.7), employment (54.4 vs 52.6) and new export orders (57.2 vs 54.9) increased at faster pace. Also, supplier deliveries slowed (72 vs 68.2) and price pressures intensified (86 vs 82.1, the highest since July 2008). "Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories. Issues with absenteeism, short-term shutdowns to sanitize facilities, and difficulties in hiring workers remain challenges and continue to cause strains that limit manufacturing-growth potential", Timothy R. Fiore, Chair of the ISM said.
2021-03-01

United States ISM Purchasing Managers Index (PMI)
The Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI™ reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.