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United States Manufacturing PMI
Last Release
Feb 29, 2024
Actual
52.2
Units In
Points
Previous
50.7
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 | 53.39 Points | 2012-2024 | Markit 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 upward to 52.2 in February 2024, surpassing a preliminary estimate of 51.5 and January's 50.7. This latest reading indicated the swiftest expansion in the country's manufacturing sector since July 2022, with output rising the most since May 2022 and total new orders growing at the strongest pace in 21 months. Additionally, new export orders expanded for the first time in three months, achieving the fastest rate since May 2022. The pace of job creation accelerated to a five-month high, and input buying saw an increase for the first time since July 2022. Regarding prices, input cost inflation cooled to its lowest point since last November, while selling prices rose at the fastest pace in ten months. Lastly, business confidence retreated from January's 21-month high.
United States Manufacturing PMI History
Last 12 readings