The S&P Global US Manufacturing PMI was revised slightly lower to 48.4 in May of 2023 from a preliminary of 48.5 driven by a solid contraction in new orders amid muted demand conditions. Efforts to run down stocks were met by a steeper contraction in purchasing activity, hinting at lower production growth in the coming months. Sharply falling demand for inputs contributed to an unprecedented improvement in vendor performance. On the other hand, output and employment continued to increase, as firms expanded their capacity to fulfill existing backlogs of work amid improved supply conditions. On the price front, input costs fell for the first time since May 2020. The decrease in costs contributed to the slowest rise in selling prices for almost three years as firms also sought to become more competitive and boost new sales. Also, the degree of confidence was solid overall. source: Markit Economics
Manufacturing PMI in the United States averaged 53.68 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 June of 2023.
Manufacturing PMI in the United States is expected to be 49.70 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 53.00 points in 2024 and 52.00 points in 2025, according to our econometric models.