The IHS Markit Composite PMI for the US fell to 54.5 in September of 2021 from 55.4 in August, preliminary estimates showed. The reading pointed to the lowest growth in private sector activity since September last year as both manufacturing (60.5 vs 61.1, a 5-month low) and services (54.4 vs 55.1, a 14-month low) eased. New order growth fell to the slowest since August 2020 and challenges finding suitable candidates and difficulties retaining employees were reflected in firms reporting only a fractional rise in employment for a second month. Input costs rose the most in four months to the second-highest rate ever and output price inflation hit an all-time high. Optimism at private sector firms was robust in September. Business confidence was often linked to hopes of improved client demand and the removal of supply chain blockages. source: Markit Economics
Composite PMI in the United States averaged 54.40 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 September of 2021.
Composite PMI in the United States is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Composite PMI is projected to trend around 50.80 points in 2022, according to our econometric models.