The IHS Markit US Manufacturing PMI fell to 59.2 in October of 2021 from 60.7 in September, the lowest since March and below market forecasts of 60.3, preliminary estimates showed. The reading pointed to the third consecutive month of slowing manufacturing activity after a record growth in July although it was sharp overall. It reflected a weaker expansion in output and a moderation in order book growth. Output rose at the slowest pace since July 2020 and input costs jumped at a fresh record rate, amid material shortages, combined with logistical issues and greater commodity prices. Also, October saw a record lengthening of suppliers’ delivery times. Supply issues and sustained sales growth prompted firms to further increase their buying activity and inventories. source: Markit Economics
Manufacturing PMI in the United States averaged 53.87 points from 2012 until 2021, 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 October of 2021.
Manufacturing 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. 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.