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.