United States Composite PMI

Last Release

Jul 31, 2024

Actual

54.3

Units In

Points

54.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
68.7 May 2021	27 Apr 2020	53.76 Points	2013-2024	Markit Economics

In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector). The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction.

Latest Updates

The S&P Global US Composite PMI was revised lower to 54 in September 2024 from a preliminary of 54.4, compared to 54.6 in August, but continued to point to a robust growth in the US private sector. Divergent trends between the two monitored sectors persisted, however, with growth centred on the service sector (55.2 vs 55.7) as the manufacturing downturn deepened (47.3 vs 47.9). Meanwhile, inflationary pressures strengthened, with the increases in input costs and output prices hitting 12- and six-month highs respectively