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.

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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.90 56.30 61.00 27.00 2013 - 2020 points Monthly
SA


News Stream
US Composite PMI at Over 5-1/2-Year High, Hiring at All-Time High
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.
2020-11-23
US Private Sector Output Growth at 29-month High
The IHS Markit US Composite PMI was revised higher to 56.3 in October of 2020 from a preliminary reading of 55.5 and 54.3 in the previous month. The reading pointed to the fourth successive expansion in private sector activity and the sharpest since May of 2018, driven by the strongest increase in service sector business activity since April 2015 (PMI at 56.9 from 54.6) alongside a more modest acceleration of manufacturing growth to an 11-month high (PMI at 53.4 from 53.2 in September). Contributing to output growth was the fastest rise in new business since February 2019. The improvement was driven by domestic demand, as new export orders almost stalled. Amid emerging reports of spare capacity, private sector firms indicated a slower rise in employment. Meanwhile, rates of input price and output charges inflation eased. Finally, companies were more upbeat regarding the outlook for output over the coming 12 months, with optimism surging by a survey record extent in October.
2020-11-04
US Private Sector Grows the Most in Over 1-1/2-Years
The IHS Markit US Composite PMI increased to 55.5 in October 2020 from 54.3 in the previous month, a flash estimate showed. The reading pointed to the fourth successive expansion in private sector activity and the sharpest since February last year, as the services sector grew at the fastest pace in nearly two years (PMI at 56 vs 54.6 in September) and manufacturing output rose at the steepest rate in 21 months (PMI at 53.3 vs 53.2 in September). New orders advanced at the second-fastest since March last year, while exports sales fell as foreign client demand slowed. At the same time, the job creation rate slowed. On the price front, input price inflation eased to a four-month low and output charge inflation slowed. Lastly, sentiment improved notably to its highest level since May 2018 driven by expectations of sustained client demand, political uncertainty easing after the election and hopes of an end to COVID-19 related restrictions.
2020-10-23
US Private Sector Growth Remains Solid in September
The IHS Markit US Composite PMI stood at 54.3 in September 2020, little-changed from a preliminary estimate of 54.4 and August's final 54.6. Service sector activity continued to grow at a solid rate, while manufacturing output expanded the most since November 2019. Overall new business increased at a sharper pace and employment continued to rise. On the price front, selling prices rose sharply and at a faster rate than input costs as firms passed higher input prices on to clients. Looking ahead, business confidence fell to a four-month low amid concerns surrounding the upcoming presidential election and the ongoing COVID-19 pandemic.
2020-10-05

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.