The S&P Global US Manufacturing PMI jumped to 57.0 in September 2026 from 53.9 in August, well above market expectations of 53.6, according to the flash estimate. The reading marked the strongest improvement in manufacturing business conditions since May 2022, with all five components contributing to the increase. Production growth rebounded after weakening over the previous three months, reaching its fastest pace since April 2022, while new orders accelerated to their strongest rate in nearly four and a half years. Employment growth rose to its highest level since February 2021, while inventories also increased at a faster pace. Meanwhile, supplier delivery times lengthened to the greatest extent since July 2022. source: S&P Global

Manufacturing PMI in the United States increased to 57 points in September from 53.90 points in August of 2026. Manufacturing PMI in the United States averaged 53.08 points from 2012 until 2026, 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.

Manufacturing PMI in the United States increased to 57 points in September from 53.90 points in August of 2026. Manufacturing PMI in the United States is expected to be 57.00 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 51.80 points in 2027 and 51.90 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
ISM Manufacturing PMI 54.60 55.60 points Aug 2026
Chicago Fed National Activity Index -0.04 0.08 points Aug 2026
Dallas Fed Manufacturing Index 9.80 11.60 points Sep 2026
Factory Orders MoM 0.90 -0.20 percent Jul 2026
Kansas Fed Manufacturing Index 20.00 17.00 points Sep 2026
Manufacturing Production YoY 0.90 1.20 percent Aug 2026
NY Empire State Manufacturing Index 7.60 20.60 points Sep 2026
Philadelphia Fed Manufacturing Index 37.80 47.40 points Sep 2026


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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
US Manufacturing Growth Accelerates Sharply in September
The S&P Global US Manufacturing PMI jumped to 57.0 in September 2026 from 53.9 in August, well above market expectations of 53.6, according to the flash estimate. The reading marked the strongest improvement in manufacturing business conditions since May 2022, with all five components contributing to the increase. Production growth rebounded after weakening over the previous three months, reaching its fastest pace since April 2022, while new orders accelerated to their strongest rate in nearly four and a half years. Employment growth rose to its highest level since February 2021, while inventories also increased at a faster pace. Meanwhile, supplier delivery times lengthened to the greatest extent since July 2022.
2026-09-23
US Manufacturing Activity Revised Higher: S&P Global
The S&P Global US Manufacturing PMI was at 53.9 for a third consecutive month in August of 2026, revised higher from the flash estimate of 53.2, and aligned with the initial market expectations. Both output and new order growth eased in the period. Surveyees noted higher cost levels, with input inflation remaining well above the historical levels due to tariff uncertainties and the war in the Middle East, forcing companies to raise their charges. These developments drove firms to cite muted client appetite, resulting in the slowdown for new business. Still, higher production environments had manufacturers raise their purchasing activity for the eighth month running. Looking ahead, companies remained optimistic about their business, underpinning another period of employment growth.
2026-09-01
US Factory Growth Slows to 5-Month Low: S&P Global
The S&P Global US Manufacturing PMI eased to 53.2 in August 2026 from 53.9 prevously, undershooting market expectations of 53.9, flash estimates showed. The latest reading pointed to a moderation in manufacturing activity, with growth at its weakest since March, held back by higher fuel costs, reduced inventory building and raw material shortages linked to supply delays. Output growth slowed for a third consecutive month, reaching its weakest pace since July last year. New orders held up better but also lost momentum, expanding at their slowest rate since March. Input purchases fell for the first time since February, weighing on the PMI, while supply times lengthened sharply again, Employment rose modestly at the fastest pace since May. Price pressures moderated, especially in terms of selling price inflation, although nput cost inflation remained elevated by historical standards.due to high energy prices, squeezed supply lines, and tariffs. Lastly, business sentiment improved.
2026-08-21