The IHS Markit US Manufacturing PMI was revised slightly lower to 60.5 in April of 2021 from a preliminary of 60.6 and compared to 59.1 in March. Still, the reading indicated a robust improvement in the health of the US manufacturing sector, and the steepest since data collection began in May 2007. Overall growth was supported by quicker expansions in output and new orders, with the latter rising at the sharpest pace since April 2010. The headline index was also pushed higher by unprecedented supplier delivery delays (ordinarily a sign of improvement in operating conditions). Raw material shortages also led to the fastest rise in cost burdens since July 2008, with firms seeking to pass on supplier price hikes through marked upticks in output charges. Meanwhile, business confidence moderated, amid concerns regarding supply chain disruptions and strains on future production capacity. source: Markit Economics

Manufacturing PMI in the United States averaged 53.45 points from 2012 until 2021, reaching an all time high of 60.50 points in April of 2021 and a record low of 36.10 points in April of 2020. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Manufacturing PMI in the United States is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United States to stand at 51.20 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
60.50 59.10 60.50 36.10 2012 - 2021 points Monthly
SA


News Stream
US Markit Manufacturing PMI Revised Slightly Lower
The IHS Markit US Manufacturing PMI was revised slightly lower to 60.5 in April of 2021 from a preliminary of 60.6 and compared to 59.1 in March. Still, the reading indicated a robust improvement in the health of the US manufacturing sector, and the steepest since data collection began in May 2007. Overall growth was supported by quicker expansions in output and new orders, with the latter rising at the sharpest pace since April 2010. The headline index was also pushed higher by unprecedented supplier delivery delays (ordinarily a sign of improvement in operating conditions). Raw material shortages also led to the fastest rise in cost burdens since July 2008, with firms seeking to pass on supplier price hikes through marked upticks in output charges. Meanwhile, business confidence moderated, amid concerns regarding supply chain disruptions and strains on future production capacity.
2021-05-03
US Factory Activity Rises at Record Pace
The IHS Markit US Manufacturing PMI edged up to 60.6 in April of 2021 from 59.1 in March, beating market forecasts of 60.5, preliminary estimates showed. The reading pointed to a record growth in factory activity, amid a sharp rise in output but many firms stated that production capacity was hampered by an inability to source raw materials and inputs in a timely manner. Capacity issues at suppliers and ongoing port delays reportedly exacerbated supply chain disruptions. Subsequently, backlogs of work rose markedly. Meanwhile, input costs increased at the sharpest rate since July 2008 due to severe supplier shortages and marked rises in transportation fees. Output expectations regarding the year ahead were markedly upbeat in April. Hopes of an end to the COVID-19 crisis and the release of further client demand as markets reopen reportedly drove confidence.
2021-04-23
US Manufacturing PMI 2nd Highest on Record: Markit
The IHS Markit US Manufacturing PMI was revised slightly higher to 59.1 in March of 2021 from a preliminary of 59, pointing to the second-highest griwth in factory activity on record. The overall expansion was supported by the steepest rise in new orders since June 2014, although production was reportedly held back by supply shortages. Supplier lead times lengthened to the greatest extent on record. At the same time, inflationary pressures intensified, with cost burdens rising at the quickest rate for a decade. Firms partially passed on higher input costs to clients through the sharpest increase in charges in the survey's history. Finally, output expectations strengthened to the second-highest for over six years, as firms were buoyed by hopes of a successful vaccine roll-out, fresh stimulus and a resulting boost to new sales.
2021-04-01
US Factory Activity Remains Strong: Markit
The IHS Markit Flash US Manufacturing PMI edged up to 59 in March of 2021 from 58.6 in February, slightly below market forecasts of 59.3. The improvement in operating conditions was the second-fastest since April 2010 amid stronger client demand, but data also highlighted the most severe supply chain disruption on record. Sustained deteriorations in vendor performance noticeably impacted manufacturing production capacity, due to a lack of raw materials to fulfil new orders. The upturn in new business accelerated to the sharpest since June 2014 while job creation eased slightly. Amid substantial supplier shortages and input delays, manufacturing firms registered the fastest rise in input costs for a decade and the rate of charge inflation the sharpest on record. Finally, business confidence remained historically upbeat, as firms expect output to rise over the coming year amid stronger new order inflows and hopes of an end to the pandemic.
2021-03-24

United States Manufacturing PMI
In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.