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.