United States Manufacturing PMI

Last Release

Jul 31, 2024

Actual

49.6

Units In

Points

51.6

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	53.31 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 rose to 48.8 in November 2024 from 48.5 in October, matching market expectations. The reading signaled a deterioration in business conditions within the goods-producing sector for a fifth successive month but with the rate of deterioration moderating to the slowest since July. Although production fell at a sharply increased rate, all other PMI components moved higher. The rate of loss of new orders eased and employment rose for the first time in four months. Inventories meanwhile fell at a reduced rate and suppliers' delivery times lengthened to the greatest extent for 25 months. Longer delivery times were often linked to increased purchasing of inputs ahead of potential tariffs on imported inputs.