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.