The IHS Markit US Manufacturing PMI was revised higher to 62.1 in May of 2021 from a preliminary of 61.5 and above 60.5 in April. The reading pointed to another record growth in factory activity, supported by stronger expansions in output and new orders, with the pace of the latter reaching the fastest on record. Nonetheless, constraints on production capacity were exacerbated further during the month, as severe supply-chain disruptions led to a marked accumulation of backlogs of work and one of the fastest rises in input prices since data collection began in May 2007. Although firms were able to partially pass on higher cost burdens, supply shortages and the potential for future strain on capacity pushed output expectations down to their lowest for seven months. Finally, supply issues weighed on business confidence in May. The degree of optimism remained upbeat on average, but dipped to a seven-month low amid concerns regarding future supply flows. source: Markit Economics

Manufacturing PMI in the United States averaged 53.53 points from 2012 until 2021, reaching an all time high of 62.10 points in May of 2021 and a record low of 36.10 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Manufacturing PMI in the United States is expected to be 54.00 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 51.20 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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United States Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
62.10 60.50 62.10 36.10 2012 - 2021 points Monthly
SA


News Stream
US Markit Manufacturing PMI Revised Higher
The IHS Markit US Manufacturing PMI was revised higher to 62.1 in May of 2021 from a preliminary of 61.5 and above 60.5 in April. The reading pointed to another record growth in factory activity, supported by stronger expansions in output and new orders, with the pace of the latter reaching the fastest on record. Nonetheless, constraints on production capacity were exacerbated further during the month, as severe supply-chain disruptions led to a marked accumulation of backlogs of work and one of the fastest rises in input prices since data collection began in May 2007. Although firms were able to partially pass on higher cost burdens, supply shortages and the potential for future strain on capacity pushed output expectations down to their lowest for seven months. Finally, supply issues weighed on business confidence in May. The degree of optimism remained upbeat on average, but dipped to a seven-month low amid concerns regarding future supply flows.
2021-06-01
US Factory Activity Rises at Fresh Record Pace
The IHS Markit US Manufacturing PMI jumped to a fresh record of 61.5 in May of 2021, beating market forecasts 60.2 amid stronger client demand. New orders also expanded at a record pace while output growth accelerated despite the marked deterioration in vendor performance due to limited operating activity. Subsequently, backlogs of work accumulated at the highest pace ever, as firms were constrained by raw material shortages. Companies meanwhile sought to expand staff numbers, but the rate of job creation eased to the slowest for five months. At the same time, input costs rose at a pace not seen since July 2008 due to higher logistics, raw material and fuel costs and output charges rose at a record pace. Although strong, business confidence slipped to a seven-month low.
2021-05-21
US Markit Manufacturing PMI Revised Slightly Lower
The IHS Markit US Manufacturing PMI was revised slightly lower to 60.5 in April of 2021 from a preliminary of 60.6 and compared to 59.1 in March. Still, the reading indicated a robust improvement in the health of the US manufacturing sector, and the steepest since data collection began in May 2007. Overall growth was supported by quicker expansions in output and new orders, with the latter rising at the sharpest pace since April 2010. The headline index was also pushed higher by unprecedented supplier delivery delays (ordinarily a sign of improvement in operating conditions). Raw material shortages also led to the fastest rise in cost burdens since July 2008, with firms seeking to pass on supplier price hikes through marked upticks in output charges. Meanwhile, business confidence moderated, amid concerns regarding supply chain disruptions and strains on future production capacity.
2021-05-03
US Factory Activity Rises at Record Pace
The IHS Markit US Manufacturing PMI edged up to 60.6 in April of 2021 from 59.1 in March, beating market forecasts of 60.5, preliminary estimates showed. The reading pointed to a record growth in factory activity, amid a sharp rise in output but many firms stated that production capacity was hampered by an inability to source raw materials and inputs in a timely manner. Capacity issues at suppliers and ongoing port delays reportedly exacerbated supply chain disruptions. Subsequently, backlogs of work rose markedly. Meanwhile, input costs increased at the sharpest rate since July 2008 due to severe supplier shortages and marked rises in transportation fees. Output expectations regarding the year ahead were markedly upbeat in April. Hopes of an end to the COVID-19 crisis and the release of further client demand as markets reopen reportedly drove confidence.
2021-04-23

United States Manufacturing PMI
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.