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

The Markit Flash US Manufacturing PMI came in at 50.5 in May of 2016, lower than 50.8 in April and below market expectations of 51. Production declined for the first time since September of 2009 and new orders expanded at the slowest pace so far this year. Manufacturing PMI in the United States averaged 53.76 from 2012 until 2016, reaching an all time high of 57.90 in August of 2014 and a record low of 50.50 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
50.50 50.80 57.90 50.50 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 May of 2016.


US Factory Activity Slows Further to Fresh 2009-Low


The Markit Flash US Manufacturing PMI came in at 50.5 in May of 2016, lower than 50.8 in April and below market expectations of 51. Production declined for the first time since September of 2009 and new orders expanded at the slowest pace so far this year.

A renewed fall in production was one key factor weighing on the headline index in May, alongside softer new order growth and further cuts to stocks of inputs. U.S. manufacturers signalled the first reduction in output since September 2009 in May, although the rate of decline was only marginal. A number of monitored firms mentioned that uncertainty around the general economic outlook had caused clients to delay spending decisions, which in turn prompted firms to trim their production schedules. 

Softer client demand was highlighted by a further slowdown in new business growth in May. Furthermore, the latest expansion in new order books was the weakest seen in 2016 so far. Data indicated that reduced foreign client demand had underpinned slower growth in overall new orders. New export sales fell for the second month in a row, though the rate of reduction softened since April.

A general lack of pressure on operating capacity was signalled by the latest survey data, with outstanding work at U.S. manufacturers falling for the fourth successive month in May. The rate of backlog depletion was unchanged from April’s postrecession record and moderate overall. Despite slower growth of new orders, goods producers in the U.S. continued to add to their payroll numbers in May. The rate of employment growth was only slight, however, despite picking up from April’s 34- month low. 

Manufacturing firms continued to adopt relatively cautious inventory policies in the face of an uncertain business outlook and weaker new order growth. Stocks of inputs declined for the sixth month running and at a rate that was only slightly weaker than in April. Meanwhile, inventories of finished items rose marginally in May, following a slight reduction in the previous month. 

Buying activity increased at a marginal pace in the latest survey period, after a modest reduction in April. Although demand for inputs was relatively muted, average supplier performance continued to deteriorate, with lead times lengthening at a modest pace in May. 

Overall input prices rose for the second month running in May, with some companies citing higher costs for raw materials such as metals and oil. Despite quickening since April, the pace of inflation remained moderate overall and slower than the series average. 

Average selling prices set by U.S. manufacturers were broadly unchanged in May, thereby ending a three-month sequence of price discounting. Reports from panellists indicated that greater cost burdens had led some firms to raise their charges in the latest survey period.

Markit | Joana Taborda | joana.taborda@tradingeconomics.com
5/23/2016 2:59:55 PM

United States Business Last Previous Highest Lowest Unit
Business Confidence 50.80 48.00 77.50 29.40 [+]
Manufacturing PMI 50.50 50.80 57.90 50.50 [+]
Non Manufacturing PMI 55.70 53.40 62.00 37.60 percent [+]
Services PMI 52.80 51.30 61.00 49.30 Index Points [+]
Composite Pmi 52.40 51.30 61.00 50.00 Index Points [+]
Industrial Production -1.10 -2.00 62.00 -33.70 percent [+]
Industrial Production Mom 0.70 -0.90 16.60 -10.40 percent [+]
Manufacturing Production 0.40 0.40 67.90 -39.40 percent [+]
Capacity Utilization 75.40 74.90 89.40 66.89 percent [+]
Durable Goods Orders 0.80 -2.80 23.80 -19.40 percent [+]
Durable Goods Orders Ex Defense -1.00 -1.90 26.50 -20.00 percent [+]
Durable Goods Orders Ex Transportation -0.20 -1.00 2.80 -4.40 percent [+]
Factory Orders Ex Transportation 0.80 -0.80 4.60 -6.90 percent [+]
Factory Orders 1.10 -1.70 10.50 -10.10 percent [+]
New Orders 458377.00 453956.00 565232.00 223500.00 USD Million [+]
Business Inventories 0.40 -0.10 1.40 -2.10 percent [+]
Changes in Inventories 60.90 78.30 117.20 -206.10 USD Billion [+]
Wholesale Inventories 0.10 -0.50 2.10 -2.00 percent [+]
Bankruptcies 24797.00 24735.00 82446.00 19695.00 Companies [+]
Corporate Profits 1380.40 1533.90 1642.70 14.40 USD Billion [+]
NFIB Business Optimism Index 93.60 92.60 107.70 80.10 Index Points [+]
NY Empire State Manufacturing Index -9.02 9.56 38.99 -34.82 Index Points [+]
Ism New York Index 57.00 50.40 88.80 23.40 percent [+]
Dallas Fed Manufacturing Index -13.90 -13.60 47.00 -60.20 Index Points [+]
Chicago Fed National Activity Index 0.10 -0.55 2.70 -5.02 [+]
Philadelphia Fed Manufacturing Index -1.80 -1.60 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index -1.00 14.00 27.00 -42.00 Index Points [+]
Chicago Pmi 50.40 53.60 78.80 21.40 Index Points [+]
Total Vehicle Sales 17.42 16.57 21.77 9.05 Millions [+]
Car Production 3.96 3.93 9.92 1.29 Million Units [+]
Car Registrations 574.50 517.20 1149.00 331.50 Thousand [+]
Crude Oil Stocks Change 1.31 -3.41 12.49 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 73.00 56.00 147.00 -287.00 Billion cf [+]
Gasoline Stocks Change -2496.00 -1231.00 11456.00 -8419.00 Thousand Barrels (MB) [+]
Leading Economic Index 178.30 178.30 178.30 70.21 Index Points [+]
Small Business Sentiment 51.67 49.03 59.12 48.35 [+]
Steel Production 6571.00 6748.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production -13.40 -12.60 13.70 -13.40 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 53.40 Apr/16
Austria 52.00 Apr/16
Brazil 42.60 Apr/16
Canada 52.20 Apr/16
China 49.40 Apr/16
Czech Republic 53.60 Apr/16
Denmark 60.30 Apr/16
Egypt 46.90 Apr/16
Euro Area 51.50 May/16
France 48.30 May/16
Germany 52.40 May/16
Greece 49.70 Apr/16
Hong Kong 45.30 Apr/16
Hungary 52.20 Apr/16
India 50.50 Apr/16
Indonesia 50.90 Apr/16
Ireland 52.60 Apr/16
Israel 50.50 Apr/16
Italy 53.90 Apr/16
Japan 47.60 May/16
Kenya 54.80 Apr/16
Lebanon 45.00 Mar/16
Malaysia 47.10 Apr/16
Mexico 52.40 Apr/16
Netherlands 52.60 Apr/16
New Zealand 56.50 Apr/16
Nigeria 43.70 Apr/16
Norway 48.00 Apr/16
Poland 51.00 Apr/16
Puerto Rico 54.00 Mar/16
Russia 48.00 Apr/16
Saudi Arabia 54.20 Apr/16
Singapore 49.80 Apr/16
South Africa 54.90 Apr/16
South Korea 50.00 Apr/16
Spain 53.50 Apr/16
Sweden 54.00 Apr/16
Switzerland 54.70 Apr/16
Taiwan 49.70 Apr/16
Turkey 48.90 Apr/16
United Arab Emirates 52.80 Apr/16
United Kingdom 49.20 Apr/16
United States 50.50 May/16
Vietnam 52.30 Apr/16
World 50.90 Jan/16