The IHS Markit US Manufacturing PMI edged down to 58.5 in February of 2021 from 59.2 in January, matching expectations. Although expansions in production and new orders softened, rates of growth were still steep overall, as manufacturers noted stronger client demand. New export orders also rose further. Nevertheless, supply chain disruption remained apparent, as suppliers’ delivery times lengthened to the greatest extent ever. Key raw material and component shortages, alongside transportation delays, were often cited as factors behind worsening vendor performance. Longer lead times also led to declines in stocks of purchases and finished goods. As a result, cost burdens were pushed higher. The rate of input cost inflation was the sharpest since April 2011 and output inflation the fastest pace since July 2008. The rate of job creation was the quickest since December 2017. Finally, output expectations improved and were the highest since November 2020. source: Markit Economics

Manufacturing PMI in the United States averaged 53.33 points from 2012 until 2021, reaching an all time high of 59.20 points in January of 2021 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 February of 2021.

Manufacturing PMI in the United States is expected to be 57.00 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 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
58.50 59.20 59.20 36.10 2012 - 2021 points Monthly
SA


News Stream
US Factory Growth Slows but Remains Robust
The IHS Markit US Manufacturing PMI edged down to 58.5 in February of 2021 from 59.2 in January, matching expectations. Although expansions in production and new orders softened, rates of growth were still steep overall, as manufacturers noted stronger client demand. New export orders also rose further. Nevertheless, supply chain disruption remained apparent, as suppliers’ delivery times lengthened to the greatest extent ever. Key raw material and component shortages, alongside transportation delays, were often cited as factors behind worsening vendor performance. Longer lead times also led to declines in stocks of purchases and finished goods. As a result, cost burdens were pushed higher. The rate of input cost inflation was the sharpest since April 2011 and output inflation the fastest pace since July 2008. The rate of job creation was the quickest since December 2017. Finally, output expectations improved and were the highest since November 2020.
2021-02-19
US Markit Manufacturing PMI Revised Higher
The IHS Markit US Manufacturing PMI was revised slightly higher to 59.2 in January of 2021 from 59.1 int he preliminary estimate, pointing to record factory growth, due to accelerated expansions in output and new orders. Meanwhile, cost pressures intensified amid raw material shortages. Firms were able to partially pass on higher costs, however, with selling prices rising at the fastest pace since July 2008. Robust business confidence was reflected in the strongest rise in workforce numbers for two years, as pressure on capacity increased once again.
2021-02-01
US Factory Activity Grows at Record Pace in January
The IHS Markit Manufacturing PMI for the US jumped to 59.1 in January of 2021 from 58.3 in December and well above market forecasts of 56.5. The reading pointed to a record expansion in factory activity, preliminary estimates showed. Both production and new exports orders where the highest since 2014 and job creation was the strongest in 2 years. Meanwhile, significant supply chain delays, raw material shortages and evidence of stockpiling at goods producers pushed input prices up at the fastest pace since April of 2018. Finally, the degree of business confidence remained strong at the start of 2021, albeit slightly softer than that seen in December. Caution largely stemmed from ongoing global economic uncertainty.
2021-01-22
US Factory Growth at Fresh 6-Year High
The IHS Markit US Manufacturing PMI was revised higher to 57.1 in December of 2020 from a preliminary of 56.5 and 56.7 in November. The reading pointed to the strongest growth in factory activity since September of 2014 as the economy continues to recover from the coronavirus-hit. Production growth remained marked and was the strongest since March of 2015 despite easing slightly from November's recent high. Similarly, new orders softened due to supplier delays and reduced capacity as additional coronavirus restrictions had led to order cancellations. Also, amid a significant deterioration in vendor performance, cost burdens and selling prices soared, as firms sought to partially pass on higher input prices. Output expectations moderated slightly, however, as the post-election spike eased and virus cases surged once again.
2021-01-04

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.