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.

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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
58.80 58.70 61.00 27.00 2013 - 2021 points Monthly
SA


News Stream
US Composite PMI Hits 6-Year High
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.
2021-02-19
US Composite PMI Highest since March of 2015: Markit
The IHS Markit US Composite PMI was revised higher to 58.7 in January of 2021 from a preliminary of 58 and 55.3 in December. the reading pointed to the strongest expansion in private sector activity since March of 2015, amid sharper rises in manufacturing (record of 59.2 vs 57.1) and service sector activity (58.3 vs 54.8). Business confidence improved in January, amid stronger output expectations at service providers. Manufacturers were slightly less upbeat, but still anticipate higher output in one year's time.
2021-02-03
US Private Sector Activity Rises Sharply
The IHS Markit US Composite PMI climbed to 58 in January 2021 from 55.3 in the previous month, a preliminary estimate showed. The private sector seemed to regain growth momentum at the start of 2021, as the pace of increase quickened to the second-fastest since March 2015. At the same time, private sector businesses signalled another monthly increase in new business and a renewed and solid rise in new export orders during January. Backlogs of work stagnated as the rate of job creation eased to only a modest pace. Meanwhile, inflationary pressures intensified as supplier delays and shortages pushed input prices higher. Private sector business confidence picked up in January, on hopes that the vaccine rollout will be a success and business conditions will improve by the second half of 2021.
2021-01-22
US December Composite PMI Revised Lower
The IHS Markit US Composite PMI was revised lower to 55.3 in December 2020, from a preliminary estimate of 55.7 and below November’s 68-month high of 58.6. The latest reading signaled the slowest upturn in business activity for three months, due to a slowdown in new business growth amid rising COVID-19 cases. In addition, the rate of job creation eased notably since November. On the price front, cost burdens rose at the sharpest pace since data collection began in October 2009. Looking ahead, business expectations moderated to a three-month low in December.
2021-01-06

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.