The S&P Global US Composite PMI remained relatively steady at 52.1 in March 2024, just a notch below the preliminary estimate of 52.2 and slightly lower than the prior month's eight-month low of 52.5. Still, this figure still indicated a robust monthly uptick in overall business activity, with factory activity rising at its swiftest pace in nearly two years and growth in the service sector moderating slightly. Although there was only a modest increase in total new orders, international demand remained stable. Moreover, employment continued its upward trajectory, and backlogs of work saw a reduction. Turning to pricing dynamics, both input costs and output prices saw accelerated inflation, reaching six- and ten-month highs respectively. Lastly, business confidence saw an uptick in March. source: S&P Global
Composite PMI in the United States decreased to 52.10 points in March from 52.50 points in February of 2024. Composite PMI in the United States averaged 53.76 points from 2013 until 2024, reaching an all time high of 68.70 points in May of 2021 and a record low of 27.00 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Composite PMI in the United States decreased to 52.10 points in March from 52.50 points in February of 2024. Composite PMI in the United States is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Composite PMI is projected to trend around 53.00 points in 2025, according to our econometric models.