United States Manufacturing PMI

Last Release

Apr 30, 2024

Actual

49.9

Units In

Points

51.9

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	53.36 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 Flash US Manufacturing PMI fell to 49.9 in April 2024, the lowest in four months, compared to 51.9 in March and forecasts of 52. The reading pointed to broadly unchanged business conditions in April, as manufacturers drew down their stocks of purchases for the second consecutive month, and at the most marked pace since August last year. Firms made some efforts to limit the pace of depletion, however, raising their purchasing activity slightly. There remained signs of spare capacity in supply chains amid relatively muted demand for inputs. Suppliers’ delivery times shortened for the third month running. Although modest, the latest improvement in vendor performance was more pronounced than that seen in March. Finally, stocks of finished goods ticked and the slight rise in post-production inventories reflected a slowdown in demand which left firms holding unsold goods.