The IHS Markit US Manufacturing PMI edged up to 53.3 in October of 2020 from 53.2 in September, preliminary estimates showed. The reading pointed to the fourth straight month of growth in factory activity and the strongest since January of 2019. Despite the rate of production growth slowing, the expansion in new orders accelerated and was the sharpest since January 2019. The upturn broadly stemmed from domestic clients as new export orders fell for the first time since July. Nonetheless, firms were better able to process new business inflows as the accumulation in backlogs of work eased to only a marginal rate. As such, manufacturers registered a slower rise in employment. Goods producers noted the increased use of discounting to attract clients during October, with selling prices rising only moderately. In contrast, cost burdens rose the steepest rate since January 2019 amid supplier shortages. Finally, manufacturers indicated greater confidence in the outlook for output. source: Markit Economics

Manufacturing PMI in the United States averaged 53.14 points from 2012 until 2020, reaching an all time high of 57.90 points in August of 2014 and a record low of 36.10 points in April of 2020. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Manufacturing PMI in the United States is expected to be 52.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United States to stand at 51.00 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 50.00 points in 2021 and 51.00 points in 2022, according to our econometric models.

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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.30 53.20 57.90 36.10 2012 - 2020 points Monthly
SA


News Stream
US Factory Activity Strongest in Near 2 Years: Markit
The IHS Markit US Manufacturing PMI edged up to 53.3 in October of 2020 from 53.2 in September, preliminary estimates showed. The reading pointed to the fourth straight month of growth in factory activity and the strongest since January of 2019. Despite the rate of production growth slowing, the expansion in new orders accelerated and was the sharpest since January 2019. The upturn broadly stemmed from domestic clients as new export orders fell for the first time since July. Nonetheless, firms were better able to process new business inflows as the accumulation in backlogs of work eased to only a marginal rate. As such, manufacturers registered a slower rise in employment. Goods producers noted the increased use of discounting to attract clients during October, with selling prices rising only moderately. In contrast, cost burdens rose the steepest rate since January 2019 amid supplier shortages. Finally, manufacturers indicated greater confidence in the outlook for output.
2020-10-23
US Manufacturing PMI Revised Slightly Lower: Markit
The IHS Markit US Manufacturing PMI was revised lower to 53.2 in September of 2020 from a preliminary reading of 53.5. Still, it is the biggest expansion in factory activity since January of 2019, supported by a faster expansion in production and a solid rise in new orders. As a result, firms continued to broaden their workforce numbers, as hiring increased following further upward pressure on capacity. Meanwhile, cost burdens rose sharply once again, with selling prices increasing at the fastest rate since January 2019. Nonetheless, output expectations moderated in September amid increased uncertainty regarding the coronavirus pandemic and the upcoming presidential election.
2020-10-01
US Factory Activity Growth Beats Forecasts: Markit
The IHS Markit US Manufacturing PMI increased to 53.5 in September of 2020 from 53.1 in August, beating forecasts of 53.1. The reading pointed to the strongest expansion in factory activity since January of 2019, amid a further increase in new orders and the resumption of operations at clients, flash estimates showed. New business rose at a solid pace that was broadly similar to August’s 19-month high. The expansion in new export orders slowed, however, and was only marginal overall. Output charges rose at the fastest rate since January 2019. Goods producers registered a slower increase in backlogs of work in September as pressure on capacity eased. As such, firms expanded their workforce numbers at a slightly softer pace. Manufacturers were less confident of an increase in output over the coming 12 months in September amid operational difficulties and the ongoing COVID-19 pandemic.
2020-09-23
US Manufacturing PMI Revised Slightly Lower: Markit
The IHS Markit US Manufacturing PMI was revised lower to 53.1 in August of 2020 from a preliminary of 53.6. Still, the reading pointed to the strongest expansion in factory activity since January of 2019, following the easing of coronavirus restrictions and the reopening of large sections of the manufacturing sector. New orders increased the most since the start of 2019, due to stronger client demand and increased marketing. New export orders grew the most in four years, as companies registered the first upturn in foreign client demand in 2020 so far and output growth was the quickest since November 2019. At the same time, employment increased the first time since February. Meanwhile, input price inflation accelerated, amid raw material shortages and supplier price hikes. Finally, business confidence was the strongest since April of 2019 amid hopes of a return to stronger demand conditions and an end to the pandemic.
2020-09-01

United States Manufacturing PMI
In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.