The S&P Global US Manufacturing PMI was revised lower to 51.9 in March 2024 from a preliminary of 52.5, and compared to 52.2 in February. Signs of improving wider economic conditions and market demand fed through to a further expansion of US manufacturing production, with the rate of expansion hitting a 22-month high. The rate of job creation also quickened, but new order growth softened. Meanwhile, firms generally signalled a preference to draw down inventories amid sufficient holdings and efforts to improve cash flow. Purchasing activity and stocks of both inputs and finished goods were all scaled back following increases in February. On the inflation front, sharper rises in both input costs and output prices were registered. Also, firms remained confident that output will increase over the coming year, thanks to expectations for improving economic conditions, marketing efforts and improving capacity. source: S&P Global

Manufacturing PMI in the United States decreased to 51.90 points in March from 52.20 points in February of 2024. Manufacturing PMI in the United States averaged 53.38 points from 2012 until 2024, reaching an all time high of 63.40 points in July of 2021 and a record low of 36.10 points in April of 2020. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Manufacturing PMI in the United States decreased to 51.90 points in March from 52.20 points in February of 2024. Manufacturing 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 Manufacturing PMI is projected to trend around 52.00 points in 2025, according to our econometric models.



Related Last Previous Unit Reference
ISM Manufacturing PMI 50.30 47.80 points Mar 2024
Chicago Fed National Activity Index 0.05 -0.54 points Feb 2024
S&P Global Composite PMI 52.10 52.50 points Mar 2024
Dallas Fed Manufacturing Index -14.40 -11.30 points Mar 2024
Factory Orders MoM 1.40 -3.80 percent Feb 2024
Kansas Fed Manufacturing Index -9.00 3.00 points Mar 2024
S&P Global Manufacturing PMI 51.90 52.20 points Mar 2024
Manufacturing Production YoY 0.80 -0.50 percent Mar 2024
NY Empire State Manufacturing Index -14.30 -20.90 points Apr 2024
Philadelphia Fed Manufacturing Index 15.50 3.20 points Apr 2024
S&P Global Services PMI 51.70 52.30 points Mar 2024

United States Manufacturing PMI
The S&P Global US Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 800 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
Actual Previous Highest Lowest Dates Unit Frequency
51.90 52.20 63.40 36.10 2012 - 2024 points Monthly
SA

News Stream
US Manufacturing PMI Revised Lower: S&P Global
The S&P Global US Manufacturing PMI was revised lower to 51.9 in March 2024 from a preliminary of 52.5, and compared to 52.2 in February. Signs of improving wider economic conditions and market demand fed through to a further expansion of US manufacturing production, with the rate of expansion hitting a 22-month high. The rate of job creation also quickened, but new order growth softened. Meanwhile, firms generally signalled a preference to draw down inventories amid sufficient holdings and efforts to improve cash flow. Purchasing activity and stocks of both inputs and finished goods were all scaled back following increases in February. On the inflation front, sharper rises in both input costs and output prices were registered. Also, firms remained confident that output will increase over the coming year, thanks to expectations for improving economic conditions, marketing efforts and improving capacity.
2024-04-01
US Manufacturing PMI Highest in Nearly 2 Years
The S&P Global US Manufacturing PMI rose to a 21-month high of 52.5 in March 2024 from 52.2 in February, beating market forecasts of 51.7, preliminary estimates showed. The reading pointed to a solid improvement in the health of the manufacturing sector, helped by sharper expansions in output and employment. Also, suppliers’ delivery times continued to recover from the disruption to supply chains seen at the start of the year, shortening for the second month. Despite the marked pick-up in manufacturing production, firms scaled back their purchasing activity in March following a marginal rise in February. Anecdotal evidence suggested that inventories had been built to a level sufficient to support current workloads, leading to efforts to draw down stocks. In fact, stocks of both purchases and finished goods were reduced following increases in the previous survey period. The fall in stocks of purchases was the sharpest since last November.
2024-03-21
US Manufacturing Sector Expands the Most in 1-1/2 Years: S&P Global
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.
2024-03-01