The IHS Markit US Composite PMI was revised higher to 63.5 in April of 2021 from a preliminary estimate of 62.2 and above March's 59.7, to signal the sharpest upturn in private sector output since data collection began in October 2009. The overall expansion was supported by faster growth in both manufacturing and service sector activity. New business growth was the steepest on record and new export sales rose at the fastest rate since data collection for the series began in September 2014. Companies indicated a sharp upturn in employment amid a marked accumulation in backlogs of work. Pressure on capacity led to the second-strongest rise in workforce numbers on record. On the price front, private sector firms registered unprecedented increases in input costs and output charges. Meanwhile, business confidence moderated slightly but remained historically elevated, weighed down by concerns regarding supply chain disruptions and potential strain on future operating capacity. source: Markit Economics

Composite PMI in the United States averaged 54.07 points from 2013 until 2021, reaching an all time high of 63.50 points in April of 2021 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 May of 2021.

Composite PMI in the United States is expected to be 56.00 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 53.00 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 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
63.50 59.70 63.50 27.00 2013 - 2021 points Monthly
SA


News Stream
US April Composite PMI Revised Higher
The IHS Markit US Composite PMI was revised higher to 63.5 in April of 2021 from a preliminary estimate of 62.2 and above March's 59.7, to signal the sharpest upturn in private sector output since data collection began in October 2009. The overall expansion was supported by faster growth in both manufacturing and service sector activity. New business growth was the steepest on record and new export sales rose at the fastest rate since data collection for the series began in September 2014. Companies indicated a sharp upturn in employment amid a marked accumulation in backlogs of work. Pressure on capacity led to the second-strongest rise in workforce numbers on record. On the price front, private sector firms registered unprecedented increases in input costs and output charges. Meanwhile, business confidence moderated slightly but remained historically elevated, weighed down by concerns regarding supply chain disruptions and potential strain on future operating capacity.
2021-05-05
US Private Sector Output Growth at Record High
The IHS Markit US Composite PMI climbed to 62.2 in April 2021, signaling the fastest pace of private sector activity growth since data collection began in October 2009, supported by quicker increases in services and manufacturing output amid looser COVID-19 measures and the reopening of many service sector businesses. New order and export growth accelerated to an all-time high, while backlogs of work rose at the joint-fastest pace since September 2014 and employment increased the most since last November. On the price front, input cost inflation was the second-fastest on record due to unprecedented supply chain disruptions. Looking ahead, business optimism remained strong overall.
2021-04-23
US Private Sector Output Expands Most Since 2014: Markit
The IHS Markit US Composite PMI was revised higher to 59.7 in March 2021, from a preliminary estimate of 59.1 and above February's 59.5, signaling the fastest upturn in private sector business activity since August 2014. Service sector activity growth accelerated to an over six-and-a-half-year high, while the manufacturing production expansion slowed. Overall new business advanced the most since September 2014 and employment continued to rise at a solid pace. Price pressures remained elevated across the private sector, while business expectations regarding the outlook for output over the coming year were robust.
2021-04-05
US Private Sector Activity Growth Slows in March
The IHS Markit US Composite PMI posted 59.1 in March of 2021, down slightly from 59.5 in February, to signal the second-fastest private sector upturn for six years, a preliminary estimate showed. Although capacity pressures stemming from extensive supply shortages constrained manufacturing output growth to the slowest for five months, goods producers reported the sharpest rise in new orders since June 2014. Service providers meanwhile recorded the steepest increase in new business for almost three years amid stronger client demand and looser coronavirus disease 2019 restrictions. The combined increase in manufacturing and service sector new orders was the strongest since September 2014. Business confidence picked up in March, running at a level rarely exceeded over the past seven years.
2021-03-24

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.