The ISM Manufacturing PMI jumped to 60.8 in February of 2021 from 58.7 in January, beating market expectations of 58.8. The reading pointed to the strongest expansion in factory activity since February of 2018. New orders (64.8 vs 61.1), production (63.2 vs 60.7), employment (54.4 vs 52.6) and new export orders (57.2 vs 54.9) increased at faster pace. Also, supplier deliveries slowed (72 vs 68.2) and price pressures intensified (86 vs 82.1, the highest since July 2008). "Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories. Issues with absenteeism, short-term shutdowns to sanitize facilities, and difficulties in hiring workers remain challenges and continue to cause strains that limit manufacturing-growth potential", Timothy R. Fiore, Chair of the ISM said. source: Institute for Supply Management
Business Confidence in the United States averaged 52.91 points from 1948 until 2021, 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 March of 2021.
Business Confidence in the United States is expected to be 55.00 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 53.40 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 2022 and 52.40 points in 2023, according to our econometric models.