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.