The S&P Global US Manufacturing PMI was revised slightly higher to 46.9 in January of 2023 from a preliminary estimate of 46.8. The reading continued to point to a third consecutive month of falling factory activity, albeit the contraction eased compared to December (46.2). The downturn was driven by a sharp contraction in new orders, a further drop in output and ongoing efforts to reduce inventories. Weak demand conditions stemmed from subdued sales across both domestic and export markets. Meanwhile, input costs and output charges rose at increased rates as price pressures strengthened again, despite suppliers' delivery times broadly stabilising and a marked contraction in input buying. Also, a lower new order inflows and a strong decline in backlogs of work caused the rate of job creation to slow further. Nonetheless, business confidence ticked higher amid hopes of stronger demand in the months ahead, greater supply chain stability and investment in new products. source: Markit Economics
Manufacturing PMI in the United States averaged 53.83 points from 2012 until 2023, reaching an all time high of 63.40 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 February of 2023.
Manufacturing PMI in the United States is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.