The IHS Markit US Manufacturing PMI was revised higher to 49.8 in June of 2020 from a preliminary of 49.6 and 39.8 in the previous month. The reading pointed to only a fractional deterioration in US manufacturing conditions as goods producers and their customers began to reopen amid looser restrictions following the coronavirus outbreak. The downward trend in production eased markedly as new orders stabilised amid reports of a relative improvement in demand conditions. Companies reported a further drop in workforce numbers as evidence of spare capacity remained, but the rate of job losses also moderated sharply. Optimism about the year ahead meanwhile revived considerably.

Manufacturing PMI in the United States averaged 53.17 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 July of 2020. source: Markit Economics

Manufacturing PMI in the United States is expected to be 51.00 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 50.00 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
49.80 39.80 57.90 36.10 2012 - 2020 points Monthly
SA


News Stream
US Markit Manufacturing PMI Revised Higher
The IHS Markit US Manufacturing PMI was revised higher to 49.8 in June of 2020 from a preliminary of 49.6 and 39.8 in the previous month. The reading pointed to only a fractional deterioration in US manufacturing conditions as goods producers and their customers began to reopen amid looser restrictions following the coronavirus outbreak. The downward trend in production eased markedly as new orders stabilised amid reports of a relative improvement in demand conditions. Companies reported a further drop in workforce numbers as evidence of spare capacity remained, but the rate of job losses also moderated sharply. Optimism about the year ahead meanwhile revived considerably.
2020-07-01
US Manufacturing PMI Beats Forecasts
The IHS Markit Flah US Manufacturing PMI increased to 49.6 in June of 2020 from 39.8 in May, beating market forecasts of 48. The reading still pointed to a small contraction in factory activity although it was the lowest in three months as businesses began to reopen on a larger scale after the coronavirus lockdown. Output and new orders fell at a slower pace and job shedding eased in June while backlogs of work continued to be reduced sharply. Alongside a boost to business confidence, which was reportedly linked to hopes of a swift return to pre-pandemic new order volumes, firms began to increase their output charges in an effort to pass on higher cost burdens to clients. The increase in output prices was the first such rise since February.
2020-06-23
US Manufacturing PMI Unrevised in May: Markit
The IHS Markit US Manufacturing PMI came in at 39.8 in May of 2020, matching initial estimates and above a record low of 36.1 in April. Still, the reading pointed to the second-steepest deterioration in manufacturing operating conditions since April of 2009, largely driven by a further weakening of client demand and lower new order inflows from both domestic and foreign customers amid the coronavirus outbreak. Also, the fall in output was attributed to lower sales, temporary shutdowns and difficulties operating at full capacity amid new safety regulations; new business fell for the third month running due to the cancellation and postponement of orders; and firms cut their workforce numbers at the second-quickest rate in over 11 years; and output charges fell at a record pace. Finally, sentiment towards the outlook for output over the coming year was negative.
2020-06-01
US Factory Activity Shrinks for 3rd Month: PMI
The IHS Markit US Manufacturing PMI increased to 39.8 in May of 2020 from 36.1 in April which was a record low due to the coronavirus pandemic and restrictive measures imposed. The reading came above market expectations of 38, flash figures showed. However, it still pointed to a third straight month of falling factory activity amid significant contractions in production and new orders, as businesses slowly returned to work amid challenging domestic and foreign demand conditions. The rates of reduction were among the most marked since the depths of the 2009 financial crisis. However, Chris Williamson, Chief Business Economist at IHS Markit said that ‘encouragement comes from the survey indicating that the rate of economic collapse seems to have peaked in April. In the absence of a second wave of COVID-19 infections, the decline should moderate further in coming months as measures taken to contain the coronavirus are steadily lifted’.
2020-05-21

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.