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.

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United States Manufacturing PMI


News Stream
US Factory Growth Slowest in 7 Months
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.
2021-10-22
US Markit Manufacturing PMI Revised Up
The IHS Markit US Manufacturing PMI was revised higher to 60.7 in September of 2021 from a preliminary of 60.5 but below 61.1 in August. The latest data indicated a marked improvement in the health of the manufacturing sector, despite being the slowest since April. Despite rising markedly, production was often hampered by severe material and labour shortages, as supply chain disruption worsened. Demand conditions softened from the peaks seen earlier in the year, but both domestic and foreign client orders rose at historically elevated rates. Pressure on capacity was reflected in the fastest uptick in backlogs of work on record, as challenges expanding workforce numbers persisted. On the price front, the pace of input cost inflation softened only slightly from August's series record, causing firms to raise their charges at an unprecedented rate. Finally, output expectations dipped to a four-month low in September, weighed down principally by concerns regarding raw material availability.
2021-10-01
US Factory Growth at 5-Month Low
The IHS Markit Manufacturing PMI for the US fell to 60.5 in September of 2021 from 61.1 in August and below market forecasts of 61.5, preliminary estimates showed. The reading pointed to the slowest growth in factory activity in 5 months after a record high rate in July. Supply constraints and material shortages dampened output in September, with the expansion the lowest in 11 months. Lead times lengthened substantially as trucking issues and capacity shortages led to one of the greatest deteriorations in vendor performance on record. Also, manufacturers expanded their workforce numbers at a steeper rate and both new business and export orders expanded robustly. Input inflation eased while selling price inflation was at a record. Hopes of greater availability of materials and staff over the coming months, alongside stronger demand conditions, reportedly supported optimism at manufacturers although it fell to a 4-month low.
2021-09-23

United States Last Unit Reference Previous Highest Lowest
Services PMI 58.20 points Oct/21 54.90 70.40 26.70
Manufacturing PMI 59.20 points Oct/21 60.70 63.40 36.10
Composite PMI 57.30 points Oct/21 55.00 68.70 27.00


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.