The ISM Manufacturing PMI in the US fell to 54.2 in February of 2019 from 56.6 in January, below market expectations of 55.5. The reading pointed to the slowest growth in factory activity since November of 2016 as new orders, production and employment increased less. Business Confidence in the United States is reported by Institute for Supply Management.

Business Confidence in the United States is expected to be 53.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in the United States to stand at 53.00 in 12 months time. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 50.00 Index Points in 2020, according to our econometric models.

United States ISM Purchasing Managers Index (PMI)
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-03 03:00 PM ISM Manufacturing New Orders 51.1 62.1
2019-01-03 03:00 PM ISM Manufacturing Prices 54.9 60.7 58
2019-02-01 03:00 PM ISM Manufacturing PMI 56.6 54.3 54.2 52
2019-03-01 03:00 PM ISM Manufacturing PMI 54.2 56.6 55.5 55
2019-04-01 02:00 PM ISM Manufacturing PMI 54.2 53
2019-05-01 02:00 PM ISM Manufacturing PMI 52.4
2019-06-03 02:00 PM ISM Manufacturing PMI 53.6



US Factory Growth Lowest since 2016: ISM

The ISM Manufacturing PMI in the US fell to 54.2 in February of 2019 from 56.6 in January, below market expectations of 55.5. The reading pointed to the slowest growth in factory activity since November of 2016 as new orders, production and employment increased less.

Slower growth rates were seen in new orders (55.5 from 58.2), production (54.8 from 60.5), employment (52.3 from 55.5) and supplier deliveries (54.9 from 56.2). In contrast, the pace picked up for inventories (53.4 from 52.8), backlogs of orders (52.3 from 50.3) and new export orders (52.8 from 51.8) while price pressures decreased (49.4 from 49.6). 

Of the 18 manufacturing industries, 16 reported growth in February, in the following order: Printing & Related Support Activities; Textile Mills; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Paper Products; Wood Products; Primary Metals; Chemical Products; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Petroleum & Coal Products; Transportation Equipment; Machinery; Furniture & Related Products; and Plastics & Rubber Products. The only industry reporting contraction in February is Nonmetallic Mineral Products.


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2019 3:49:32 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 54.20 56.60 77.50 29.40 Index Points [+]
Manufacturing PMI 52.50 53.00 57.90 50.70 [+]
Services PMI 54.80 56.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 59.70 56.70 62.00 37.80 [+]
Composite Pmi 54.30 55.50 61.00 50.00 Index Points [+]
Industrial Production 3.50 3.90 62.00 -33.70 percent [+]
Industrial Production Mom 0.10 -0.40 16.60 -10.40 percent [+]
Manufacturing Production 1.00 2.80 67.90 -39.40 percent [+]
Capacity Utilization 78.23 78.26 89.39 66.71 percent [+]
Durable Goods Orders 0.40 1.30 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense 0.70 2.20 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation -0.10 0.30 7.50 -6.80 percent [+]
Factory Orders Ex Transportation -0.20 -0.50 4.60 -7.20 percent [+]
New Orders 500479.00 499876.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.10 0.10 10.60 -10.00 percent [+]
Business Inventories 0.60 0.00 1.30 -2.00 percent [+]
Changes in Inventories 97.07 89.77 166.37 -245.13 USD Billion [+]
Wholesale Inventories 1.20 1.10 2.10 -2.00 percent [+]
Bankruptcies 22232.00 22103.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.82 2007.53 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 101.70 101.20 108.80 80.10 Index Points [+]
Ism New York Index 61.10 63.40 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 13.70 -4.10 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 3.70 8.80 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 16.00 -2.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.43 0.05 2.77 -5.25 [+]
Dallas Fed Manufacturing Index 13.10 1.00 47.10 -60.10 Index Points [+]
Chicago Pmi 64.70 56.70 78.60 21.20 Index Points [+]
Car Production 2.64 2.61 9.92 1.29 Million Units [+]
Car Registrations 389.93 445.50 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.57 16.70 21.77 9.05 Million [+]
Crude Oil Stocks Change -9.59 -3.86 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -47.00 -204.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -4587.00 -4624.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.13 124.80 125.13 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change -2.13 -2.58 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 824.00 833.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7647.00 7568.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 12.50 15.40 108.20 -28.80 percent [+]


United States ISM Purchasing Managers Index (PMI)

The Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI™ reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Purchasing Managers Index (PMI) - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.20 56.60 77.50 29.40 1948 - 2019 Index Points Monthly




Country Last Previous
Australia 2.00 Feb/19
Brazil 61.90 Mar/19
Canada 50.60 Feb/19
China 49.20 Feb/19
Euro Area 0.69 Feb/19
France 103.00 Feb/19
Germany 98.50 Feb/19
India 116.20 Mar/19
Indonesia 104.71 Dec/18
Italy 101.70 Feb/19
Japan 19.00 Dec/18
Mexico 51.30 Feb/19
Netherlands 6.30 Feb/19
Russia -2.00 Feb/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 69.00 Feb/19
Spain -4.90 Feb/19
Switzerland 92.40 Feb/19
Turkey 97.20 Feb/19
United Kingdom -23.00 Mar/19
United States 54.20 Feb/19


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