United States Manufacturing PMI  2012-2016 | Data | Chart | Calendar

The flash Markit manufacturing PMI for the United States declined to 51.4 in September of 2016 from 52 in August and below market expectations of 51.9. New business growth eased further, output slowed and export orders fell for the first time in four months while payrolls increased. Manufacturing PMI in the United States averaged 53.62 from 2012 until 2016, reaching an all time high of 57.90 in August of 2014 and a record low of 50.70 in May of 2016. Manufacturing PMI in the United States is reported by Markit Economics.

United States Manufacturing PMI
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Actual Previous Highest Lowest Dates Unit Frequency
51.40 52.00 57.90 50.70 2012 - 2016 Monthly
SA
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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2016.


US Factory Activity Growth Slows More than Expected


The flash Markit manufacturing PMI for the United States declined to 51.4 in September of 2016 from 52 in August and below market expectations of 51.9. New business growth eased further, output slowed and export orders fell for the first time in four months while payrolls increased.

Softer rates of output and new business growth were the main factors weighing on the headline PMI during September. Moreover, the latest expansion of manufacturing production was the weakest for three months. Survey respondents suggested that relatively subdued economic conditions had acted as a brake on new order volumes, while there were also reports that the strong dollar had dampened export sales. Reflecting this, latest data signalled that new work rose at the slowest pace since December 2015, while export orders dropped for the first time in four months. 

Backlogs of work increased only marginally in September, with the latest accumulation of unfinished business the slowest since May. Despite a lack of pressure on operating capacity, manufacturers indicated a rebound in job creation from the four-month low seen during August. Companies that reported a rise in payroll numbers cited increased investment spending, the launch of new products and continued optimism regarding the longer-term business outlook. 

Purchasing activity picked up again in September, which marked five months of sustained growth. At the same time, stocks of inputs decreased at the slowest pace since February. However, manufacturers remained cautious in terms of their holdings of finished goods during September, with the latest fall the fastest recorded for almost one year. A number of firms commented on deliberate reductions to post-production inventories amid efforts to boost cash flow. 

Meanwhile, latest survey data highlighted that input cost inflation remained subdued across the manufacturing sector. Higher input prices have been recorded in each of the past six months, but the rate of inflation in September was among the slowest seen over this period. Subdued cost inflation and intense competition for new work resulted in a reduction in manufacturers’ output charges during September. Although only marginal, the decline in factory gate prices was the fastest since April.

Markit Economics | Joana Taborda | joana.taborda@tradingeconomics.com
9/23/2016 1:53:32 PM

United States Business Last Previous Highest Lowest Unit
Business Confidence 49.40 52.60 77.50 29.40 [+]
Manufacturing PMI 51.40 52.00 57.90 50.70 [+]
Non Manufacturing PMI 51.40 55.50 62.00 37.60 percent [+]
Services PMI 51.00 51.40 61.00 49.30 Index Points [+]
Composite Pmi 51.50 51.80 61.00 50.00 Index Points [+]
Industrial Production -1.10 -0.60 62.00 -33.70 percent [+]
Industrial Production Mom -0.40 0.60 16.60 -10.40 percent [+]
Manufacturing Production -0.40 -0.10 67.90 -39.40 percent [+]
Capacity Utilization 75.50 75.92 89.40 66.89 percent [+]
Durable Goods Orders 4.40 -4.20 23.00 -18.40 percent [+]
Durable Goods Orders Ex Defense 3.80 -4.00 25.70 -19.20 percent [+]
Durable Goods Orders Ex Transportation 1.50 -0.30 2.80 -4.40 percent [+]
Factory Orders Ex Transportation 0.20 0.40 4.60 -7.10 percent [+]
Factory Orders 1.90 -1.80 10.20 -9.70 percent [+]
New Orders 454759.00 447425.00 565232.00 223500.00 USD Million [+]
Business Inventories 0.00 0.20 1.40 -2.10 percent [+]
Changes in Inventories -12.40 40.70 117.20 -206.10 USD Billion [+]
Wholesale Inventories 0.00 0.30 2.10 -2.00 percent [+]
Bankruptcies 25227.00 24797.00 82446.00 19695.00 Companies [+]
Corporate Profits 1469.70 1506.00 1703.60 14.40 USD Billion [+]
NFIB Business Optimism Index 94.40 94.60 107.70 80.10 Index Points [+]
Philadelphia Fed Manufacturing Index 12.80 2.00 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index -11.00 10.00 26.00 -43.00 Index Points [+]
Ism New York Index 47.50 60.70 88.80 23.40 percent [+]
NY Empire State Manufacturing Index -1.99 -4.21 38.99 -34.82 Index Points [+]
Dallas Fed Manufacturing Index -3.70 -6.20 46.60 -59.50 Index Points [+]
Chicago Fed National Activity Index -0.55 0.24 2.71 -5.05 [+]
Chicago Pmi 51.50 55.80 78.80 21.40 Index Points [+]
Total Vehicle Sales 16.98 17.88 21.77 9.05 Millions [+]
Car Production 4.06 4.02 9.92 1.29 Million Units [+]
Car Registrations 549.34 588.14 1149.00 331.50 Thousand [+]
Crude Oil Stocks Change -6.20 -0.56 12.49 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 52.00 62.00 147.00 -287.00 Billion cf [+]
Gasoline Stocks Change -3204.00 567.00 11456.00 -8419.00 Thousand Barrels (MB) [+]
Leading Economic Index 178.62 178.26 179.01 70.21 Index Points [+]
Small Business Sentiment 51.67 49.03 59.12 48.35 [+]
Steel Production 6703.00 6877.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production -9.30 -9.90 13.70 -12.40 percent [+]
Ease of Doing Business 7.00 7.00 7.00 4.00 [+]
Corruption Index 76.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 17.00 24.00 14.00 [+]
Competitiveness Index 5.61 5.54 5.79 5.42 Points [+]
Competitiveness Rank 3.00 3.00 7.00 1.00 [+]




Last
Australia 46.90 Aug/16
Austria 52.10 Aug/16
Brazil 45.70 Aug/16
Canada 51.10 Aug/16
China 50.00 Aug/16
Czech Republic 50.10 Aug/16
Denmark 53.30 Aug/16
Egypt 47.00 Aug/16
Euro Area 52.60 Sep/16
France 49.50 Sep/16
Germany 54.30 Sep/16
Greece 50.40 Aug/16
Hong Kong 49.00 Aug/16
Hungary 51.30 Aug/16
India 52.60 Aug/16
Indonesia 50.40 Aug/16
Ireland 51.70 Aug/16
Israel 57.00 Aug/16
Italy 49.80 Aug/16
Japan 50.30 Sep/16
Kenya 53.50 Aug/16
Lebanon 45.00 Aug/16
Malaysia 47.40 Aug/16
Mexico 50.90 Aug/16
Myanmar 47.20 Aug/16
Netherlands 53.50 Aug/16
New Zealand 55.11 Aug/16
Nigeria 42.10 Aug/16
Norway 50.80 Aug/16
Philippines 55.30 Aug/16
Poland 51.50 Aug/16
Puerto Rico 45.80 Jul/16
Russia 50.80 Aug/16
Saudi Arabia 56.60 Aug/16
Singapore 49.80 Aug/16
South Africa 46.30 Aug/16
South Korea 48.60 Aug/16
Spain 51.00 Aug/16
Sri Lanka 53.50 Aug/16
Sweden 50.70 Aug/16
Switzerland 51.00 Aug/16
Taiwan 51.80 Aug/16
Thailand 49.80 Aug/16
Turkey 47.00 Aug/16
United Arab Emirates 54.70 Aug/16
United Kingdom 53.30 Aug/16
United States 51.40 Sep/16
Vietnam 52.20 Aug/16
World 50.90 Jan/16