United States Composite PMI2013-2021 Data | 2022-2023 Forecast | Calendar

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.

The IHS Markit US Composite PMI was confirmed at 55.4 in August 2021, down from 59.9 in the previous month, to signal the slowest expansion in private sector output in 2021 to date. The slower overall upturn stemmed from weaker expansions in the manufacturing and service sectors. Overall new business and employment increased at softer rates, while backlogs of work rose markedly. Meanwhile, Inflationary pressures across the private sector remained elevated midway through the third quarter, as input costs rose substantially and the rate of charge inflation ticked higher.

The IHS Markit US Composite PMI declined for the third month in a row to 55.4 in August 2021, from 59.9 in the previous month and well below market consensus of 58.3, a preliminary estimate showed. The latest reading signaled the slowest output expansion since December 2020, as weaker recoveries were seen in both the manufacturing and service sectors due to capacity pressures, material shortages and the spread of the Delta variant. Inflows of new business rose the least in eight months, led by a marked cooling in growth of demand for services, while the pace of job creation was the weakest since July 2020 mainly due to difficulties finding staff. In the meantime, outstanding business rose at near record pace. On the price front, input cost inflation accelerated to the second-fastest on record, while the rate of selling price inflation ticked higher. Finally, US companies remained upbeat regarding the outlook for output over the coming year

The IHS Markit US Composite PMI was revised higher to 59.9 in July of 2021, from a preliminary estimate of 59.7 and below June’s 63.7. The rate of expansion was the softest since March amid a slower upturn in service sector activity, but was quicker than the series average. Private sector new order growth softened to a four-month low in July, despite manufacturers registering a faster upturn in new business. New export orders, meanwhile, continued to rise solidly. Inflationary pressures remained substantial at the start of the third quarter. At the same time, pressure on capacity following supplier and staff shortages worsened in July. Although manufacturers and service providers registered further expansions in workforce numbers, hiring was stymied by difficulties finding suitable candidates for vacancies.