The IHS Markit US Manufacturing PMI hit another record high of 63.1 in July of 2021, easily beating market forecasts of 62, preliminary estimates showed. New orders growth accelerated as new and existing customers ramped up their spending. Firms also saw a stronger uptick in foreign client demand. Production rose at a slightly quicker pace despite further reports of material shortages. In fact, the rate of backlog accumulation quickened to the second-fastest on record, despite the pace of job creation accelerating to the sharpest for three months. Meanwhile, lead times lengthened markedly and supply chain disruption was reflected once again in efforts to increase purchasing activity and build safety stocks. Stronger demand for inputs globally and a scarcity of materials led to the fastest rise in cost burdens on record. Subsequently, the rate of charge inflation accelerated to a fresh series high. source: Markit Economics

Manufacturing PMI in the United States averaged 53.69 points from 2012 until 2021, reaching an all time high of 63.10 points in July 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 August of 2021.

Manufacturing PMI in the United States is expected to be 60.00 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 54.00 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
63.10 62.10 63.10 36.10 2012 - 2021 points Monthly
SA


News Stream
US Factory Activity Rises at a Fresh Record Pace
The IHS Markit US Manufacturing PMI hit another record high of 63.1 in July of 2021, easily beating market forecasts of 62, preliminary estimates showed. New orders growth accelerated as new and existing customers ramped up their spending. Firms also saw a stronger uptick in foreign client demand. Production rose at a slightly quicker pace despite further reports of material shortages. In fact, the rate of backlog accumulation quickened to the second-fastest on record, despite the pace of job creation accelerating to the sharpest for three months. Meanwhile, lead times lengthened markedly and supply chain disruption was reflected once again in efforts to increase purchasing activity and build safety stocks. Stronger demand for inputs globally and a scarcity of materials led to the fastest rise in cost burdens on record. Subsequently, the rate of charge inflation accelerated to a fresh series high.
2021-07-23
US Manufacturing Growth Holds at Record High Levels
The IHS Markit US Manufacturing PMI stood at 62.1 in June 2021, slightly down from a preliminary estimate of 62.6 and unchanged from the previous month's all-time high. The latest reading pointed to a marked improvement in operating conditions which was the joint-strongest since data collection began in May 2007, following the further relaxation of COVID-19 restrictions. New order growth was the second-fastest on record, while output expanded at a softer but solid pace due to ongoing and severe supply-chain disruptions, and reports of labor shortages. Meanwhile, manufacturing firms indicated a solid rise in employment during June, but the rate of job creation was the slowest for six months. On the price front, input costs rose at fastest rates since data collection for the series began in May 2007. Finally, goods producers registered the strongest degree of optimism regarding the outlook for output for seven months.
2021-07-01
US Factory Growth Breaks Another Record High: Markit
The IHS Markit US Manufacturing PMI jumped to 62.6 in June of 2021 from 62.1 in May, well above market forecasts of 61.5, preliminary estimates showed. The reading pointed to another record growth in factory activity amid further easings of COVID-19 restrictions. Output and new orders continued to rise sharply although supplier delays and difficulties finding suitable workers weighed on production. Average supplier delivery times lengthened to the greatest extent on record by some margin. Despite a substantial rise in backlogs of work, employment growth slowed as firms struggled to find staff or entice workers back to employment. On the price front, input inflation accelerated to a fresh record amid broad-based raw material price hikes. Firms raised their selling prices at a quicker rate in an effort to pass on these higher costs, with charge inflation also surpassing all previous records. Finally, goods producers expressed a greater degree of confidence in future output.
2021-06-23
US Markit Manufacturing PMI Revised Higher
The IHS Markit US Manufacturing PMI was revised higher to 62.1 in May of 2021 from a preliminary of 61.5 and above 60.5 in April. The reading pointed to another record growth in factory activity, supported by stronger expansions in output and new orders, with the pace of the latter reaching the fastest on record. Nonetheless, constraints on production capacity were exacerbated further during the month, as severe supply-chain disruptions led to a marked accumulation of backlogs of work and one of the fastest rises in input prices since data collection began in May 2007. Although firms were able to partially pass on higher cost burdens, supply shortages and the potential for future strain on capacity pushed output expectations down to their lowest for seven months. Finally, supply issues weighed on business confidence in May. The degree of optimism remained upbeat on average, but dipped to a seven-month low amid concerns regarding future supply flows.
2021-06-01

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.