The IHS Markit US Composite PMI fell to 49.6 in February 2020 from 53.3 in the previous month, pointing to the first month of contraction in the private sector since October 2013, a preliminary estimate showed. Services activity dropped for the first time in four years, while manufacturing growth slowed to a six-month low. Overall new orders decreased for the first time since the series began in 2009 and employment growth slowed to a four-month low. Still, business confidence strengthened to an eight-month high, but remained historically subdued as firms highlighted ongoing global uncertainty and the outbreak of coronavirus.

Composite Pmi in the United States averaged 54.51 points from 2013 until 2020, reaching an all time high of 61 points in June of 2014 and a record low of 49.60 points in February 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. source: Markit Economics

Composite Pmi in the United States is expected to be 51.90 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 51.10 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 51.90 points in 2021, according to our econometric models.


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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.60 53.30 61.00 49.60 2013 - 2020 points Monthly
SA


News Stream
US Output Contracts for 1st Time Since 2013
The IHS Markit US Composite PMI fell to 49.6 in February 2020 from 53.3 in the previous month, pointing to the first month of contraction in the private sector since October 2013, a preliminary estimate showed. Services activity dropped for the first time in four years, while manufacturing growth slowed to a six-month low. Overall new orders decreased for the first time since the series began in 2009 and employment growth slowed to a four-month low. Still, business confidence strengthened to an eight-month high, but remained historically subdued as firms highlighted ongoing global uncertainty and the outbreak of coronavirus.
2020-02-21
US Output Growth Beats Estimates
The IHS Markit US Composite PMI was revised higher to 53.3 in January 2020 from a preliminary estimate of 53.1 and above December's 52.7. The latest reading signaled the fastest increase in private sector activity since last March boosted by a sharper expansion in service output (PMI at 53.4 vs 52.8 in December) while manufacturing growth slowed (PMI at 51.9 vs 52.4). New business rose at softer pace amid a renewed fall in new export orders, while employment rose only marginally. On the price front, inflationary pressures remained subdued.
2020-02-05
US Private Sector Output Grows the Most in 10 Months
The IHS Markit US Composite PMI rose to 53.1 in January 2020 from 52.7 in the previous month and above market expectations of 52.5, a preliminary estimate showed. The latest reading pointed to the quickest rise in output since last March, as service sector expanded at a faster pace (PMI at 53.2 vs 52.8 in December) while manufacturing growth eased to a three-month low (PMI at 51.7 vs 52.4 in December). New business increased at a slower rate amid a decline in exports, while employment rose the most since last July. On the price front, input cost inflation hit a seven-month high, while average output charge inflation slowed from December’s ten-month high. Looking ahead, business sentiment was the strongest for seven months.
2020-01-24
US Private Sector Growth Highest in 8 Months: PMI
The IHS Markit US Composite PMI was revised higher to 52.7 from a preliminary of 52.2 in December of 2019 and 52 in the previous month. The reading pointed to the strongest growth in private sector activity in eight months as services accelerated (52.8 from 51.6) while manufacturing slowed (52.4 from 52.6). New business grew at the strongest rate since July, with service providers recording a second successive and sharper rise in client demand. Similarly, firms indicated back-to-back expansions in new export orders, albeit both at fractional rates overall. Employment also continued to rebound from the contractions seen in September and October, with both sectors registering a rise in staffing levels. Meanwhile, rates of input and output price inflation quickened as private sector firms sought to pass higher costs on to clients and protect margins. Finally, output expectations remained historically subdued as firms remained uncertain regarding future client demand.
2020-01-06

United States Composite PMI
In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector). The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction.