The ISM Manufacturing PMI in the United States increased to 50.3 in March 2024, up from 47.8 in February and beating market expectations of 48.4. This marked the first expansion in the manufacturing sector after 16 months of contraction. There were positive trends in demand, with indicators such as the new orders Index (51.4 vs 49.2 in the previous month) and new export orders Index (51.6, the same as in February) showing expansion, while backlogs (at 46.3) remained in moderate contraction. Also, panelists’ companies notably increased their production levels (54.6 vs 48.4). On the other hand, employment numbers continued to decline (47.4 vs 45.9). Meanwhile, prices continued to rise moderately to 55.8 from 52.5, driven by unstable commodity costs. source: Institute for Supply Management
Business Confidence in the United States increased to 50.30 points in March from 47.80 points in February of 2024. Business Confidence in the United States averaged 52.91 points from 1948 until 2024, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Business Confidence in the United States increased to 50.30 points in March from 47.80 points in February of 2024. Business Confidence in the United States is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.