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.