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.