The IHS Markit US Composite PMI edged up to 58.8 in February 2021, from 58.7 in the previous month, signaling the sharpest pace of expansion in the private sector activity since March 2015, a preliminary estimate showed. Service sector output expanded by the most in almost three years, while manufacturing production growth moderated, but remained among the highest seen over the past decade. Overall backlogs of work increased again, while the pace of job creation remained relatively muted. On the price front, input costs rose the most since data collection began in 2009 as demand outstripped supply. As a result, firms raised their selling prices at the sharpest rate on record due to the partial pass-through of greater costs to clients. Finally, business confidence remained upbeat and among the brightest seen over the past two years, albeit down from recent highs. source: Markit Economics
Composite PMI in the United States averaged 53.89 points from 2013 until 2021, 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 February of 2021.
Composite PMI in the United States is expected to be 52.00 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 50.40 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 50.80 points in 2022, according to our econometric models.