The IHS Markit US Manufacturing PMI was revised down to 55.7 in October of 2018 from a preliminary of 55.9, but slightly higher than 55.6 in September. Figures still pointed to the strongest increase in factory activity in five months, mainly boosted by a sharp rise in new business which was the strongest in five months. Manufacturing PMI in the United States is reported by Markit Economics.

United States Manufacturing PMI
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US Manufacturing PMI Revised Down: Markit


The IHS Markit US Manufacturing PMI was revised down to 55.7 in October of 2018 from a preliminary of 55.9, but slightly higher than 55.6 in September. Figures still pointed to the strongest increase in factory activity in five months, mainly boosted by a sharp rise in new business which was the strongest in five months.

The headline PMI was driven by a stronger expansion in new business received by goods producers in October. The upturn in new orders accelerated to a five-month high and was widely attributed to greater client demand across the domestic market. Conversely, new export orders grew only fractionally and at the weakest pace in the current three month sequence of growth. 

Production levels expanded strongly in October and at a rate that was broadly in line with the series trend. Panellists commonly attributed the rise in output to greater client demand and increased efforts to clear backlogs.

In line with another rise in backlogs and a sustained increase in new business, employment growth accelerated in October. The rate of job creation reached a ten-month high and was strong overall. Respondents also noted that anticipations of greater new orders during the fourth quarter had led to the upturn.

Manufacturing firms recorded pressures on profit margins in October, with the rate of input price inflation quickening to a marked pace. The rate of increase reached a three-month high and was largely linked to higher raw material and metal prices stemming from the ongoing effects of tariffs. 

Consequently, manufacturers tried to partly pass on higher cost burdens to their clients through increased output charges. Although the rate of output price inflation accelerated to the fastest since July, it remained well below that seen for input costs.

Meanwhile, firms registered a strong rise in buying activity amid reports of greater efforts to stockpile. Pre-production inventories increased for the seventeenth month running, albeit modestly, as longer input deliveries curbed stock building efforts.

Finally, output expectations towards the coming 12 months improved, with firms suggesting that anticipations of further new order growth drove optimism.


Markit | Joana Taborda | joana.taborda@tradingeconomics.com
11/1/2018 1:54:30 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 57.70 59.80 77.50 29.40 Index Points [+]
Manufacturing PMI 55.70 55.60 57.90 50.70 [+]
Services PMI 54.80 53.50 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.30 61.60 62.00 37.60 [+]
Composite Pmi 54.90 53.90 61.00 50.00 Index Points [+]
Industrial Production 4.10 5.60 62.00 -33.70 percent [+]
Industrial Production Mom 0.10 0.20 16.60 -10.40 percent [+]
Manufacturing Production 2.70 3.80 67.90 -39.40 percent [+]
Capacity Utilization 78.40 78.50 89.39 66.71 percent [+]
Durable Goods Orders 0.80 4.60 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.60 2.50 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 0.30 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.40 0.40 4.60 -7.20 percent [+]
New Orders 515334.00 510466.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.70 2.60 10.60 -10.00 percent [+]
Business Inventories 0.30 0.50 1.30 -2.00 percent [+]
Changes in Inventories 76.33 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.40 0.90 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2007.53 1965.29 2007.53 14.70 USD Billion [+]
NFIB Business Optimism Index 107.40 107.90 108.80 80.10 Index Points [+]
Ism New York Index 69.80 72.50 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 12.90 22.20 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 23.30 21.10 39.00 -35.10 Index Points [+]
Richmond Fed Manufacturing Index 15.00 29.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.17 0.27 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 29.40 28.10 47.10 -60.10 Index Points [+]
Chicago Pmi 58.40 60.40 81.00 20.70 Index Points [+]
Car Production 2.64 2.78 9.92 1.29 Million Units [+]
Car Registrations 443.14 445.58 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.57 17.44 21.77 9.05 Million [+]
Crude Oil Stocks Change 10.27 5.78 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 39.00 65.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -1411.00 1852.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.26 123.89 124.26 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 8.79 7.83 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 888.00 886.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7251.00 7461.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.10 15.10 108.20 -28.80 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
55.70 55.60 57.90 50.70 2012 - 2018 Monthly
SA




Country Last
Australia 58.30 Oct/18
Brazil 51.10 Oct/18
Canada 53.90 Oct/18
China 50.10 Oct/18
Euro Area 52.00 Oct/18
France 51.20 Oct/18
Germany 52.20 Oct/18
India 53.10 Oct/18
Indonesia 50.50 Oct/18
Italy 49.20 Oct/18
Japan 52.90 Oct/18
Mexico 50.70 Oct/18
Netherlands 57.10 Oct/18
Russia 51.30 Oct/18
Saudi Arabia 53.80 Oct/18
Singapore 51.90 Oct/18
South Africa 42.40 Oct/18
South Korea 51.00 Oct/18
Spain 51.80 Oct/18
Switzerland 57.40 Oct/18
Turkey 44.30 Oct/18
United Kingdom 51.10 Oct/18
United States 55.70 Oct/18


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