United States Purchasing Managers Index (PMI)

Business Confidence in the United States increased to 53.70 percent in March of 2014 from 53.20 percent in February of 2014. Business Confidence in the United States is reported by the Institute for Supply Management. Business Confidence in the United States averaged 52.75 Percent from 1948 until 2014, reaching an all time high of 77.50 Percent in July of 1950 and a record low of 29.40 Percent in May of 1980. The Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI™ reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. A PMI™ in excess of 42.6 percent, over a period of time, indicates that the overall economy, or GDP, is generally expanding; below 42.6 percent, it is generally declining. This page provides - United States Purchasing Managers Index (PMI) - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
53.70 53.20 77.50 29.40 54.25 | 2014/06 1948 - 2014 Percent Monthly

TO

United States Purchasing Managers Index (PMI)
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-02 03:00 PM United States
ISM Manufacturing Index
Dec 2013 57.0 57.3 57 57.42
2014-02-03 03:00 PM United States
ISM Manufacturing PMI
Jan 2014 51.3 56.5 58 56.54
2014-03-03 03:00 PM United States
ISM Manufacturing PMI
Feb 2014 53.2 51.3 52 56.45
2014-04-01 03:00 PM United States
ISM Manufacturing PMI
Mar 2014 53.7 53.2 54.0 53.29
2014-05-01 03:00 PM United States
ISM Manufacturing PMI
Apr 2014 53.7 53.78
[+]

Business Last Previous Highest Lowest Forecast Unit
Industrial Production 3.80 2014-03-31 3.49 62.00 -33.70 4.19 2014-06-30 Percent [+]
Business Confidence 53.70 2014-03-15 53.20 77.50 29.40 54.25 2014-06-30 Percent [+]
Bankruptcies 33212.00 2013-12-31 34892.00 82446.00 19695.00 29953.92 2014-06-30 Companies [+]
Business Inventories 0.40 2014-02-28 0.40 1.40 -2.10 0.62 2014-06-30 Percent [+]
Capacity Utilization 79.20 2014-03-15 78.80 89.39 66.81 79.28 2014-06-30 Percent [+]
Car Registrations 590.80 2013-12-15 531.10 1149.00 331.50 675.67 2014-06-30 Thousand [+]
Changes in Inventories 111.70 2013-11-15 115.70 117.20 -206.10 152.83 2014-06-30 USD Billion [+]
Chicago Fed National Activity Index 0.14 2014-02-28 -0.45 2.66 -4.96 0.16 2014-06-30 [+]
Durable Goods Orders 2.17 2014-02-15 -1.30 16.58 -13.90 0.05 2014-06-30 Percent [+]
Factory Orders 1.60 2014-02-15 -1.00 7.10 -7.50 0.58 2014-06-30 Percent [+]
Industrial Production Mom 0.68 2014-03-15 1.18 6.43 -4.21 0.40 2014-06-30 Percent [+]
Manufacturing Pmi 55.50 2014-03-15 57.10 57.10 51.00 55.50 2014-04-30 [+]
Manufacturing Production 2.80 2014-03-15 1.83 22.96 -17.85 2.30 2014-06-30 Percent [+]
New Orders 488832.00 2014-02-15 481320.00 497059.00 223465.00 486775.91 2014-06-30 USD Million [+]
Nfib Business Optimism Index 93.40 2014-03-15 91.40 107.70 80.10 93.25 2014-06-30 Index Points [+]
Non Manufacturing Pmi 53.10 2014-03-15 51.60 62.00 37.60 53.16 2014-06-30 Percent [+]
Ny Empire State Manufacturing Index 1.29 2014-04-15 5.61 39.09 -33.73 5.60 2014-06-30 Index Points [+]
Philadelphia Fed Manufacturing Index 16.60 2014-04-15 9.00 58.90 -57.90 10.52 2014-05-31 Index Points [+]
Services Pmi 55.30 2014-03-31 53.30 56.70 49.30 53.66 2014-06-30 Index Points [+]
Total Vehicle Sales 16.40 2014-03-15 15.34 21.77 9.17 15.64 2014-06-30 Millions [+]
Wholesale Inventories 0.50 2014-02-28 0.80 2.38 -2.07 0.74 2014-06-30 Percent [+]
[+]


US ISM Manufacturing PMI Accelerates for a Second Consecutive Month

In March of 2014, the ISM PMI registered 53.7 percent, an increase of 0.5 percentage point from February's reading of 53.2 percent, indicating expansion in manufacturing for the 10th consecutive month, due to a rebound in the production subindex and a rise in new orders.

The New Orders Index registered 55.1 percent, an increase of 0.6 percentage point from February's reading of 54.5 percent. The Production Index registered 55.9 percent, a substantial increase of 7.7 percentage points compared to February's reading of 48.2 percent. Employment grew for the ninth consecutive month, but at a lower rate by 1.2 percentage points, registering 51.1 percent compared to February's reading of 52.3 percent. Several comments from the panel reflect favorable demand and good business conditions, with some lingering concerns about the particularly adverse weather conditions across the country.

Of the 18 manufacturing industries, 14 are reporting growth in March in the following order: Petroleum & Coal Products; Transportation Equipment; Furniture & Related Products; Paper Products; Printing & Related Support Activities; Plastics & Rubber Products; Fabricated Metal Products; Machinery; Textile Mills; Computer & Electronic Products; Nonmetallic Mineral Products; Food, Beverage & Tobacco Products; Chemical Products; and Primary Metals. The four industries reporting contraction in March are: Apparel, Leather & Allied Products; Wood Products; Electrical Equipment, Appliances & Components; and Miscellaneous Manufacturing.

Institute for Supply Management | Joana Taborda | joana.taborda@tradingeconomics.com
4/1/2014 2:10:01 PM

RECENT RELEASES

US Manufacturing Sector Accelerates in February
The Institute for Supply Management index of national factory activity rose to 53.2 in February after slumping to 51.3 in January, which was the weakest reading since May. New orders, supplier deliveries, inventories and order backlogs bounced back while production fell. Published on 2014-03-03

US Manufacturing Sector Slows for Second Straight Month
In January of 2014, the US ISM Manufacturing PMI registered 51.3 percent, a decrease of 5.2 percentage points from December's seasonally adjusted reading of 56.5 percent, due to a sharp fall in new orders. Published on 2014-02-03


Business Confidence | Notes
The Business Confidence Index is an indicator designed to measure the degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases.


RELATED NEWS

US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
US Retail Sales Beat Expectations in March  
Retail sales increased 1.1 percent over the previous month in March of 2014, up from a revised 0.7 percent rise in February. It is the biggest growth rate in 1-1/2 years.
US Consumer Sentiment Up to 9-Month High  
The Thomson Reuters/University of Michigan's consumer sentiment index increased to a preliminary reading of 82.6 in April of 2014, up from March’s final 80.0. It is the highest level since July of 2013, as current conditions and expectations surged.
US Jobless Claims Down to Nearly 7-Year Low  
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week's revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. There were no special factors impacting this week's initial claims.
US Unemployment Rate Steady at 6.7%  
In March of 2014, the number of unemployed persons was essentially unchanged at 10.5 million, and the unemployment rate held at 6.7 percent. Over the year, the number of unemployed persons and the jobless rate were down by 1.2 million and 0.8 percentage point, respectively.
US Non-Farm Payrolls Rise 192K in March  
In March, total nonfarm payroll employment rose by 192,000, down from 197,00 in the previous month. Job growth averaged 183,000 per month over the prior 12 months. In March, employment grew in professional and business services, in health care, and in mining and logging.
US Service Sector Accelerates in March  
The Institute for Supply Management index of non-manufacturing activity rose to 53.1 in March, up from February’s reading of 51.6, as employment increased.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     FEDERAL RESERVE    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News






Markets

GDP

Labour

Prices

Money

Trade

Government

Business

Consumer

Taxes

Housing