The IHS Markit US Manufacturing PMI fell to 51.7 in January of 2020 from 52.4 in December, below market expectations of 52.5. It was the the slowest increase in factory activity in three months, flash figures showed. Although output continued to rise at a moderate pace, new business growth was only marginal as both domestic and foreign client demand softened. Employment continued to rise albeit at the slowest pace for four months. The softer rise in employment coincided with signs of easing capacity pressures, with January seeing the first fall in backlogs for four months. At the same time, price pressures eased as a weaker increase in cost burdens occurred alongside only a fractional rise in factory gate charges.

Manufacturing PMI in the United States averaged 53.61 points from 2012 until 2020, reaching an all time high of 57.90 points in August of 2014 and a record low of 50.30 points in August of 2019. 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. source: Markit Economics

Manufacturing PMI in the United States is expected to be 51.20 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 50.40 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 50.20 points in 2020, according to our econometric models.


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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.70 52.40 57.90 50.30 2012 - 2020 points Monthly
SA

News Stream
2020-01-02
US Manufacturing PMI Revised Down: Markit
The IHS Markit US Manufacturing PMI was revised slightly lower to 52.4 from 52.5 in December of 2019. It compares with 52.6 in the previous month. Output and new business expanded modestly while employment growth was the second-fastest since May, with firms stating the increase largely stemmed from greater production requirements. On the price front, input price inflation accelerated to a nine-month high as firms stated that higher supplier costs and tariffs had driven prices up. Output charge inflation also quickened to the joint-fastest since February and was solid overall. Companies commonly attributed the rise to the partial pass-through of higher costs on to clients. Finally, business confidence picked up, with optimism reportedly stemming from new product development, new client wins and investment in new facilities.

2019-12-16
US Manufacturing PMI Matches Forecasts: Markit
The IHS Markit Flash US Manufacturing PMI edged down to 52.5 in December of 2019 from 52.6 in November, matching market expectations. Figures pointed to a small deceleration of factory activity from a seven-month high seen last month. Although the reading was one of the strongest in 2019 it remained below levels seen in 2018. However, business expectations for the year ahead improved, amid reduced fears over trade wars and more favorable financial conditions.

2019-12-02
US Manufacturing PMI Revised Higher: Markit
The IHS Markit US Manufacturing PMI was revised up to 52.6 in November of 2019 from a preliminary of 52.2 and 51.3 in October. The reading pointed to the strongest expansion in factory activity in seven months, supported by quicker expansions in production and new orders, with both domestic and foreign client demand strengthening. Business confidence remained historically muted, however, as global economic uncertainty continued to weigh on expectations.

2019-11-22
US Factory Activity Growth at 7-Month High
The IHS Markit US Manufacturing PMI rose to 52.2 in November 2019 from 51.3 in the previous month and beating market expectations of 51.5, a flash estimate showed. The latest reading pointed to the steepest expansion in the factory sector since April, as output increased at the fastest pace in ten months amid strong client demand.

2019-11-01
US Manufacturing PMI Revised Lower: Markit
The IHS Markit US Manufacturing PMI was revised lower to 51.3 in October 2019 from a preliminary estimate of 51.5 and compared to the previous month's 51.1. The latest reading remained consistent with a modest improvement in the health of the manufacturing sector, as output and new order growth rates accelerated to six-month highs and employment rose at the quickest pace since May.

2019-10-24
US Factory Activity Growth at 6-Month High
The IHS Markit US Manufacturing PMI rose to 51.5 in October 2019 from 51.1 in the previous month and beating market expectations of 50.7, a preliminary estimate showed. The latest reading pointed to the strongest expansion in factory activity since April, as output, new orders and employment increased at a faster pace.


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.

United States Business Last Previous Highest Lowest Unit
Business Confidence 47.20 48.10 77.50 29.40 points [+]
Services PMI 53.20 52.80 61.00 49.30 points [+]
Non Manufacturing PMI 55.00 53.90 62.00 37.80 points [+]
Manufacturing PMI 51.70 52.40 57.90 50.30 points [+]
Composite Pmi 53.10 52.70 61.00 50.00 points [+]
Industrial Production -1.00 -0.70 62.00 -33.70 percent [+]
Industrial Production Mom -0.30 0.80 16.60 -10.40 percent [+]
Manufacturing Production -1.30 -0.90 67.90 -39.40 percent [+]
Capacity Utilization 77.02 77.37 89.39 66.69 percent [+]
Durable Goods Orders -2.00 0.20 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 0.80 0.00 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 0.00 0.30 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 0.30 4.60 -7.00 percent [+]
New Orders 493029.00 496962.00 549482.00 223500.00 USD Million [+]
Factory Orders -0.70 0.20 10.40 -9.70 percent [+]
Business Inventories -0.20 0.10 1.30 -2.00 percent [+]
Changes in Inventories 69.44 69.40 173.21 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.10 2.10 -2.00 percent [+]
Bankruptcies 22910.00 22483.00 82446.00 19695.00 Companies [+]
Corporate Profits 1868.66 1857.53 1873.90 14.67 USD Billion [+]
NFIB Business Optimism Index 102.70 104.70 108.80 80.10 points [+]
NY Empire State Manufacturing Index 4.80 3.30 39.00 -34.30 points [+]
Philadelphia Fed Manufacturing Index 17.00 2.40 58.50 -57.90 points [+]
Richmond Fed Manufacturing Index -5.00 -1.00 27.00 -44.00 points [+]
Ism New York Index 39.10 50.40 88.80 23.40 percent [+]
Dallas Fed Manufacturing Index -3.20 -1.30 47.60 -59.90 points [+]
Chicago Fed National Activity Index -0.35 0.41 2.79 -5.29 [+]
Chicago Pmi 48.90 46.30 78.60 21.20 points [+]
Total Vehicle Sales 17.10 16.60 21.77 9.05 Million [+]
Car Production 2.53 2.57 9.92 1.29 Million Units [+]
Car Registrations 345.67 373.49 1149.00 331.50 Thousand [+]
Crude Oil Stocks Change -0.41 -2.55 14.42 -15.22 BBL/1Million [+]
Gasoline Stocks Change 1745.00 6678.00 11456.00 -8428.00 Thousand Barrels [+]
Natural Gas Stocks Change -92.00 -109.00 147.00 -359.00 Billion cf [+]
Leading Economic Index 129.78 129.35 129.78 45.48 points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
Crude Oil Rigs 676.00 673.00 1609.00 98.00 [+]
API Crude Oil Stock Change 1.60 1.10 14.30 -12.40 BBL/1Million [+]
Competitiveness Index 83.67 85.64 85.64 5.42 Points [+]
Competitiveness Rank 2.00 1.00 7.00 1.00 [+]
Corruption Index 69.00 71.00 78.00 69.00 Points [+]
Corruption Rank 23.00 22.00 24.00 14.00 [+]
Crude Oil Imports -53.00 -595.00 2201.00 -2518.00 Thousand Barrels [+]
Distillate Fuel Production -251.00 -105.00 570.00 -699.00 Thousand Barrels [+]
Distillate Stocks -1185.00 8171.00 11205.00 -13011.00 Thousand Barrels [+]
Cushing Crude Oil Stocks -961.00 342.00 4737.00 -4184.00 Thousand Barrels [+]
Ease of Doing Business 6.00 8.00 8.00 4.00 [+]
Gasoline Production 254.00 394.00 1082.00 -1494.00 Thousand Barrels [+]
Steel Production 7233.00 7407.00 11951.00 3799.00 Thousand Tonnes [+]
Refinery Crude Runs 76.00 -386.00 1572.00 -3253.00 Thousand Barrels [+]
Mining Production 1.40 2.30 108.20 -28.80 percent [+]
Kansas Fed Manufacturing Index -4.00 -3.00 35.00 -32.00 points [+]
Heating Oil Stocks 142.00 -168.00 94208.00 -92090.00 Thousand Barrels [+]