The IHS Markit US Manufacturing PMI edged down to 58.5 in February of 2021 from 59.2 in January, matching expectations. Although expansions in production and new orders softened, rates of growth were still steep overall, as manufacturers noted stronger client demand. New export orders also rose further. Nevertheless, supply chain disruption remained apparent, as suppliers’ delivery times lengthened to the greatest extent ever. Key raw material and component shortages, alongside transportation delays, were often cited as factors behind worsening vendor performance. Longer lead times also led to declines in stocks of purchases and finished goods. As a result, cost burdens were pushed higher. The rate of input cost inflation was the sharpest since April 2011 and output inflation the fastest pace since July 2008. The rate of job creation was the quickest since December 2017. Finally, output expectations improved and were the highest since November 2020. source: Markit Economics
Manufacturing PMI in the United States averaged 53.33 points from 2012 until 2021, reaching an all time high of 59.20 points in January of 2021 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 February of 2021.
Manufacturing PMI in the United States is expected to be 57.00 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 51.00 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.