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United States Manufacturing PMI

Last Release
Jun 30, 2024
Actual
51.6
Units In
Points
Previous
51.3
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
63.4
Jul 2021
36.1
Apr 2020
53.33 Points2012-2024Markit Economics
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.

Latest Updates

The S&P Global US Manufacturing PMI was revised slightly lower to 51.6 in June 2024 from a preliminary of 51.7, but continued to point to the highest reading in three months and to an improvement in the manufacturing sector. New orders rose for a second month running and production continued to rise, albeit at a weaker rate. Also, employment increased the most since September 2022. Although input costs continued to rise sharply, the rate of inflation eased in June, while selling prices increased at the slowest pace in the year-to-date. Meanwhile, business confidence hit a 19-month low, although client demand remained muted.

United States Manufacturing PMI History

Last 12 readings

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