United States Manufacturing PMI

The IHS Markit US Manufacturing PMI was revised higher to 50.6 in June 2019 from a preliminary estimate of 50.1 and was little-changed from May's final 50.5. Still, that was the second-lowest figure since September 2009. Manufacturing PMI in the United States is reported by Markit Economics.

Manufacturing PMI in the United States is expected to be 51.10 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 50.60 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 50.20 in 2020, according to our econometric models.

Historical
Forecast

1Y 5Y 10Y MAX

width

height

Preview

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

US Manufacturing PMI Revised Higher

The IHS Markit US Manufacturing PMI was revised higher to 50.6 in June 2019 from a preliminary estimate of 50.1 and was little-changed from May's final 50.5. Still, that was the second-lowest figure since September 2009.

Supporting the headline number was a renewed rise in new business in June. The upturn was linked by panellists to the acquisition of new clients. That said, the rate of increase was only modest overall and among the slowest seen over the last three years. In contrast, the pace of growth in new business from abroad was the quickest in 2019 so far, following a slight fall in May.

Consequently, manufacturers registered a faster rise in production in June. Nevertheless, the rate of expansion was only moderate and the second-slowest since June 2016 (behind May's recent low), as firms continued to report difficult demand conditions.

Uncertainty surrounding future output growth weighed on hiring decisions among goods producers, with the rate of job creation softening to the least marked since August 2016. Expectations of production growth over the coming year remained solemn and among the weakest in the survey history in June. Manufacturing firms often raised concerns surrounding tariffs and the softer trend in new orders.

Meanwhile, cost burdens faced by manufacturers continued to rise at a historically muted rate in June. Higher input prices were attributed to the ongoing effects of tariffs on raw material purchases. However, some firms stated that hikes in costs were less marked compared to earlier in the year.

Subsequently, output charges increased at only a modest rate. Some firms partly passed on costs to clients, whereas others highlighted the importance of discounting efforts in order to attract and retain clients.

In line with muted demand conditions, firms continued to deplete their stocks. Notably, pre-production inventories fell at the quickest rate since the start of 2014 as input buying rose only fractionally.

Markit Economics | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/1/2019 2:08:20 PM

News

US Factory Activity Growth at Over 10-Year Low: Markit
The IHS Markit US Manufacturing PMI fell to 50.1 in June 2019 from 50.5 in the previous month and below market expectations of 50.4, a flash estimate showed. The latest reading pointed to the weakest expansion in factory activity since September 2009.
Published on 2019-06-21

US Factory Activity Growth at Near 10-Year Low: Markit
The IHS Markit US Manufacturing PMI was revised lower to 50.5 in May 2019 from a preliminary estimate of 50.6 and well below the previous month's final 52.6. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2009.
Published on 2019-06-03

US Manufacturing Growth Slows to Decade Low
The IHS Markit US Manufacturing PMI dropped to 50.6 in May 2019 from the previous month's 52.6 and below market expectations of 52.5, a preliminary estimate showed. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2009.
Published on 2019-05-23

US Manufacturing Activity Growth Revised Higher: Markit
The IHS Markit US Manufacturing PMI was revised higher to 52.6 in April 2019 from the previous month and preliminary reading of 52.4. The reading pointed to the second softest expansion in factory activity since June 2017.
Published on 2019-05-01

United States Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	51.70	52.10	77.50	29.40	Index Points	[+]
Manufacturing PMI	50.60	50.50	57.90	50.50		[+]
Services PMI	51.50	50.90	61.00	49.30	Index Points	[+]
Non Manufacturing PMI	55.10	56.90	62.00	37.80		[+]
Composite Pmi	51.50	50.90	61.00	50.00	Index Points	[+]
Industrial Production	1.30	2.10	62.00	-33.70	percent	[+]
Industrial Production Mom	0.00	0.40	16.60	-10.40	percent	[+]
Manufacturing Production	0.40	0.70	67.90	-39.40	percent	[+]
Capacity Utilization	77.92	78.09	89.39	66.69	percent	[+]
Durable Goods Orders	-1.30	-2.80	23.20	-18.40	percent	[+]
Durable Goods Orders Ex Defense	-0.60	-3.30	25.50	-19.20	percent	[+]
Durable Goods Orders Ex Transportation	0.30	-0.10	6.30	-10.20	percent	[+]
Factory Orders Ex Transportation	0.10	0.20	4.60	-7.00	percent	[+]
New Orders	493569.00	499273.00	565232.00	223500.00	USD Million	[+]
Factory Orders	-0.70	-1.20	10.40	-9.70	percent	[+]
Business Inventories	0.30	0.50	1.30	-2.00	percent	[+]
Changes in Inventories	122.84	96.80	166.37	-245.13	USD Billion	[+]
Wholesale Inventories	0.40	0.80	2.10	-2.00	percent	[+]
Bankruptcies	22157.00	22232.00	82446.00	19695.00	Companies	[+]
Corporate Profits	2012.30	2076.20	2076.82	14.70	USD Billion	[+]
NFIB Business Optimism Index	103.30	105.00	108.80	80.10	Index Points	[+]
NY Empire State Manufacturing Index	4.30	-8.60	39.00	-34.40	Index Points	[+]
Philadelphia Fed Manufacturing Index	21.80	0.30	58.50	-57.90	Index Points	[+]
Richmond Fed Manufacturing Index	3.00	5.00	29.00	-44.00	Index Points	[+]
Ism New York Index	50.00	48.60	88.80	23.40	percent	[+]
Chicago Fed National Activity Index	-0.05	-0.48	2.78	-5.27		[+]
Dallas Fed Manufacturing Index	-12.10	-5.30	47.60	-59.90	Index Points	[+]
Chicago Pmi	49.70	54.20	78.60	21.20	Index Points	[+]
Car Production	2.62	2.56	9.92	1.29	Million Units	[+]
Car Registrations	465.92	432.55	1149.00	331.50	Thousand	[+]
Total Vehicle Sales	17.30	17.30	21.77	9.05	Million	[+]
Crude Oil Stocks Change	-3.12	-9.50	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	62.00	81.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	3565.00	-1455.00	11456.00	-8428.00	Thousand Barrels	[+]
Leading Economic Index	127.88	127.79	127.88	46.91	Index Points	[+]
Internet Speed	18747.58	17235.62	18747.58	3609.31	KBps	[+]
IP Addresses	128949703.00	127873899.00	146874246.00	89399946.00	IP	[+]
API Crude Oil Stock Change	-1.40	-8.13	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	779.00	784.00	1609.00	98.00		[+]
Corruption Index	71.00	75.00	78.00	71.00	Points	[+]
Corruption Rank	22.00	16.00	24.00	14.00		[+]
Competitiveness Index	85.64	84.84	85.64	5.42	Points	[+]
Competitiveness Rank	1.00	1.00	7.00	1.00		[+]
Ease of Doing Business	8.00	6.00	8.00	4.00		[+]
Steel Production	7653.00	7428.00	11951.00	3799.00	Thousand Tonnes	[+]
Kansas Fed Manufacturing Index	-3.00	2.00	37.00	-32.00	Index Points	[+]
Mining Production	8.70	10.70	108.20	-28.80	percent	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	50.60	50.50	57.90	50.50	2012 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	49.43	Jun/19	52.72	62.5 : 29.47
Brazil	51.00	Jun/19	50.2	53.5 : 41.6
Canada	49.20	Jun/19	49.1	57.1 : 47.5
China	49.40	Jun/19	50.2	52.3 : 47.2
Euro Area	47.60	Jun/19	47.7	60.6 : 33.5
France	51.90	Jun/19	50.6	58.8 : 42.7
Germany	45.00	Jun/19	44.3	63.3 : 32
India	52.10	Jun/19	52.7	55 : 47.9
Indonesia	50.60	Jun/19	51.6	58.5 : 46.4
Italy	48.40	Jun/19	49.7	59 : 47.4
Japan	49.30	Jun/19	49.8	56.2 : 29.6
Mexico	49.20	Jun/19	50	57.1 : 49.2
Netherlands	50.70	Jun/19	52.2	63.4 : 48
Russia	48.60	Jun/19	49.8	54.7 : 47.6
Saudi Arabia	57.40	Jun/19	57.3	61.8 : 51.4
Singapore	49.60	Jun/19	49.9	53.1 : 48.3
South Africa	46.20	Jun/19	45.4	60.87 : 35.09
South Korea	47.50	Jun/19	48.4	52.6 : 45.7
Spain	47.90	Jun/19	50.1	56.1 : 41.1
Switzerland	47.70	Jun/19	48.6	66.9 : 32.8
Turkey	47.90	Jun/19	45.3	55.7 : 42.7
United Kingdom	48.00	Jun/19	49.4	61.5 : 34.4
United States	50.60	Jun/19	50.5	57.9 : 50.5