The IHS Markit US Composite PMI was revised higher to an all-time high of 68.7 in May 2021, from a preliminary estimate of 68.1, to signal the steepest upturn in business activity since data collection began in October 2009. Rates of new business growth were the fastest on record in both the manufacturing and service sectors, helped by a survey record rise in foreign client demand. Constraints on capacity led to a solid accumulation of backlogs of work, with manufacturers noting the fastest rise on record. Alongside component shortages, firms stated that challenges remained finding suitable candidates. Subsequently, the rate of job creation softened from that seen in April. On the price front, both input and output costs rose at record rates. Finally, the overall degree of confidence improved in May. source: Markit Economics

Composite PMI in the United States averaged 54.23 points from 2013 until 2021, reaching an all time high of 68.70 points in May of 2021 and a record low of 27 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Composite PMI in the United States is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in the United States to stand at 53.00 in 12 months time. In the long-term, the United States Composite PMI is projected to trend around 50.80 points in 2022, according to our econometric models.

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United States Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
68.70 63.50 68.70 27.00 2013 - 2021 points Monthly
SA


News Stream
US Private Sector Output Expansion Fastest on Record
The IHS Markit US Composite PMI was revised higher to an all-time high of 68.7 in May 2021, from a preliminary estimate of 68.1, to signal the steepest upturn in business activity since data collection began in October 2009. Rates of new business growth were the fastest on record in both the manufacturing and service sectors, helped by a survey record rise in foreign client demand. Constraints on capacity led to a solid accumulation of backlogs of work, with manufacturers noting the fastest rise on record. Alongside component shortages, firms stated that challenges remained finding suitable candidates. Subsequently, the rate of job creation softened from that seen in April. On the price front, both input and output costs rose at record rates. Finally, the overall degree of confidence improved in May.
2021-06-03
US Composite PMI Jumps to Record High
The IHS Markit US Composite PMI climbed to an all-time high of 68.1 in May 2021, pointing to an unprecedented rate of expansion in the private sector economy as both manufacturing and services expanded at record rates, a preliminary estimate showed. The rise in new orders quickened for the fifth month running, with export business increasing at the fastest pace since the series covering both sectors began in September 2014, while employment growth softened from April's survey high. On the cost front, input prices and output charges rose at record rates. Finally, business confidence across the private sector improved in May, with the degree of optimism stronger than the series average.
2021-05-21
US April Composite PMI Revised Higher
The IHS Markit US Composite PMI was revised higher to 63.5 in April of 2021 from a preliminary estimate of 62.2 and above March's 59.7, to signal the sharpest upturn in private sector output since data collection began in October 2009. The overall expansion was supported by faster growth in both manufacturing and service sector activity. New business growth was the steepest on record and new export sales rose at the fastest rate since data collection for the series began in September 2014. Companies indicated a sharp upturn in employment amid a marked accumulation in backlogs of work. Pressure on capacity led to the second-strongest rise in workforce numbers on record. On the price front, private sector firms registered unprecedented increases in input costs and output charges. Meanwhile, business confidence moderated slightly but remained historically elevated, weighed down by concerns regarding supply chain disruptions and potential strain on future operating capacity.
2021-05-05
US Private Sector Output Growth at Record High
The IHS Markit US Composite PMI climbed to 62.2 in April 2021, signaling the fastest pace of private sector activity growth since data collection began in October 2009, supported by quicker increases in services and manufacturing output amid looser COVID-19 measures and the reopening of many service sector businesses. New order and export growth accelerated to an all-time high, while backlogs of work rose at the joint-fastest pace since September 2014 and employment increased the most since last November. On the price front, input cost inflation was the second-fastest on record due to unprecedented supply chain disruptions. Looking ahead, business optimism remained strong overall.
2021-04-23

United States Composite PMI
In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector). The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction.