The IHS Markit US Composite PMI rose to 57.9 in November 2020 from 56.3 in the previous month, indicating the steepest month of expansion in the US private sector business activity in + over five-and-a-half years, a preliminary estimate showed. New order growth was the strongest since June 2018, largely driven by domestic demand, as both goods producers and service providers indicated only marginal upturns in new export business. In addition, employment rose the most since the survey began in 2009. On the price front, firms raised their selling prices at the quickest pace on record due to improving demand environment. Input costs also increased at a record rate as demand for inputs and supply shortages reportedly pushed supplier prices higher. Looking ahead, business sentiment was the highest since May 2014 boosted by hopes of a vaccine against COVID-19, and an end to election uncertainty. source: Markit Economics
Composite Pmi in the United States averaged 53.75 points from 2013 until 2020, reaching an all time high of 61 points in June of 2014 and a record low of 27 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Composite Pmi in the United States is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in the United States to stand at 51.00 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 50.40 points in 2021 and 50.80 points in 2022, according to our econometric models.