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.