The IHS Markit US Composite PMI dropped to 59.7 in July 2021, moving further away from May's record high, a preliminary estimate showed. Output growth slowed to a four-month low, but remained strong overall, as firms continued to report widespread capacity constraints. New business continued to expand at a solid pace, with exports of goods and services rising at a similar strong clip to that seen in June. In addition, the pace of job creation eased to a four-month low, amid labor shortages in the service sector. On the price front, the rates of input cost inflation and selling price inflation remained historically steep in July. Finally, the degree of business confidence slipped to a seven-month low, due to heightened labor and material shortages, rising inflationary pressures and concerns over the pandemic. source: Markit Economics

Composite PMI in the United States averaged 54.39 points from 2013 until 2021, reaching an all time high of 68.70 points in May 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 August of 2021.

Composite PMI 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 Composite PMI in the United States to stand at 56.00 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
59.70 63.70 68.70 27.00 2013 - 2021 points Monthly
SA


News Stream
US Private Sector Activity Growth Eases in July
The IHS Markit US Composite PMI dropped to 59.7 in July 2021, moving further away from May's record high, a preliminary estimate showed. Output growth slowed to a four-month low, but remained strong overall, as firms continued to report widespread capacity constraints. New business continued to expand at a solid pace, with exports of goods and services rising at a similar strong clip to that seen in June. In addition, the pace of job creation eased to a four-month low, amid labor shortages in the service sector. On the price front, the rates of input cost inflation and selling price inflation remained historically steep in July. Finally, the degree of business confidence slipped to a seven-month low, due to heightened labor and material shortages, rising inflationary pressures and concerns over the pandemic.
2021-07-23
US Private Sector Output Expands Sharply in June
The IHS Markit US Composite PMI was revised slightly lower to 63.7 in June 2021, from a preliminary estimate of 63.9 and compared with May's all-time high of 68.7. Still, the rate of growth in activity was substantial and the second-fastest on record as new business and export orders continued to increase at a solid pace. Meanwhile, the pace of job creation eased amid challenges to hire new employees. On the price front, the rate of cost inflation was the second quickest on record. Firms passed on greater costs to clients via the second-sharpest increase in average selling prices for goods and services since data collection began in 2009.
2021-07-06
US Private Sector Activity Growth Remains Strong in June
The IHS Markit US Composite PMI fell to 63.9 in June 2021, from a record high of 68.7 hit in May, but nonetheless signaling a historically elevated rate of expansion in output across the private sector, a preliminary estimate showed. Both services activity and manufacturing output grew at softer rates, with goods producers hampered in particular by significant supplier delays. New business growth eased to a three-month low, but remained solid overall as COVID-19 restrictions were relaxed further and client demand remained buoyant. Also, firms reported difficulties in finding staff, while backlogs of work continued to increase at a record pace. On the price front, input cost inflation and output charge inflation were the second-highest on record.
2021-06-23
US Private Sector Output Expansion Fastest on Record
The IHS Markit US Composite PMI was revised higher to an all-time high of 68.7 in May 2021, from a preliminary estimate of 68.1, to signal the steepest upturn in business activity since data collection began in October 2009. Rates of new business growth were the fastest on record in both the manufacturing and service sectors, helped by a survey record rise in foreign client demand. Constraints on capacity led to a solid accumulation of backlogs of work, with manufacturers noting the fastest rise on record. Alongside component shortages, firms stated that challenges remained finding suitable candidates. Subsequently, the rate of job creation softened from that seen in April. On the price front, both input and output costs rose at record rates. Finally, the overall degree of confidence improved in May.
2021-06-03

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.