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.