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.