United States Manufacturing PMI2012-2021 Data | 2022-2023 Forecast | Calendar

The IHS Markit Manufacturing PMI for the US fell to 60.5 in September of 2021 from 61.1 in August and below market forecasts of 61.5, preliminary estimates showed. The reading pointed to the slowest growth in factory activity in 5 months after a record high rate in July. Supply constraints and material shortages dampened output in September, with the expansion the lowest in 11 months. Lead times lengthened substantially as trucking issues and capacity shortages led to one of the greatest deteriorations in vendor performance on record. Also, manufacturers expanded their workforce numbers at a steeper rate and both new business and export orders expanded robustly. Input inflation eased while selling price inflation was at a record. Hopes of greater availability of materials and staff over the coming months, alongside stronger demand conditions, reportedly supported optimism at manufacturers although it fell to a 4-month low.

The IHS Markit Manufacturing PMI for the US was revised slightly down to 61.1 in August of 2021 from a preliminary of 61.2. The reading fell from a record of 63.4 in July, pointing to the slowest growth in factory activity in 4 months. The expansion was supported by steep upturns in production and new orders. Nevertheless, output growth was reportedly hampered by capacity constraints and material shortages. Lead times for inputs extended further as cost burdens soared, with the pace of inflation reaching a fresh series high. Although output expectations strengthened, employment growth eased as firms struggled to retain staff and find suitable candidates for current vacancies.

The IHS Markit US Manufacturing PMI fell to 61.2 in August of 2021 from 63.4 in July, below market forecasts of 62.5, preliminary estimates showed. The reading pointed to the slowest growth in factory activity in 4 months although it remained a robust one. New orders slowed slightly but the rate of growth was one of the most marked on record as client demand remained substantial. Material shortages and pressure on capacity led to a slowdown in output growth and an unprecedented deterioration in vendor performance led to the second-steepest rise in backlogs of work in the over 14-year series history. Also, difficulties retaining employees and finding suitable candidates led to the slowest rise in workforce numbers in 2021 to-date. The rate of both input and output price inflation was the fastest on record. Nevertheless, strong client demand and hopes of softer price rises and reduced supply chain delays led to greater optimism regarding the outlook for output over the coming year.

The IHS Markit US Manufacturing PMI was revised higher to 63.4 in July of 2021 from a preliminary of 63.1, hitting a fresh record high. Overall growth was supported by stronger expansions in output and new orders, with the latter increasing at the second-fastest pace ever. Unprecedented supplier shortages and delays continued to exert upward pressure on input costs and stymie firms' ability to process incoming new work. As a result, cost burdens rose at a record-breaking rate and the accumulation of backlogs accelerated. Nonetheless, output expectations remained upbeat amid hopes of further boosts to client demand over the coming year.