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.