The ISM Manufacturing PMI for the US jumped to 52.6 in June of 2020 from 43.1 in May, recovering sharply from 43.1 in May and 41.5 in April and easily beating market expectations of 49.5. The reading pointed to the strongest expansion in factory activity since April of 2019 after three straight months of coronavirus disruptions. New orders (56.4 from 31.8), production (57.3 from 33.2) and prices (51.3 from 40.8) rebounded and employment (42.1 from 32.1) and new export orders (47.6 from 39.5) fell less. "Demand, consumption and inputs are reaching parity and are positioned for a demand-driven expansion cycle as we enter the second half of the year", Timothy R. Fiore, Chair of the Institute for Supply Management said.
Business Confidence in the United States averaged 52.86 points from 1948 until 2020, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. 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) - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Institute for Supply Management
Business Confidence in the United States is expected to be 49.00 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 53.40 points in 2021 and 52.40 points in 2022, according to our econometric models.