United States Composite PMI
January 2023 Data – 2013-2022 Historical
Summary
Calendar
Forecast
Stats
Alerts
The S&P Global US Composite PMI was revised slightly higher to 46.8 in January 2023, up from a preliminary estimate of 46.6 and above December’s four-month low of 45.0.The latest reading pointed to a softer contraction in the US private sector, as both manufacturing and service sectors shrank at slowest rates.Total new orders fell modestly in January, amid weak domestic and foreign client demand, while backlogs of work continued to decline.In addition, employment rose only marginally.On the price front, the rate of cost inflation ticked higher, while increases in selling prices moderated again.
source:
Markit Economics
Composite PMI in the United States averaged 54.01 points from 2013 until 2023, reaching an all time high of 68.70 points in May of 2021 and a record low of 27.00 points in April of 2020.This page provides the latest reported value for – United States Composite PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
United States Composite PMI – data, historical chart, forecasts and calendar of releases – was last updated on February of 2023.
Composite PMI in the United States is expected to be 48.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
In the long-term, the United States Composite PMI is projected to trend around 53.00 points in 2024, according to our econometric models.
//tradingeconomics.com/embed/?s=unitedstacompmi&lbl=0&v=202302031454v20220312&h=300&w=600&ref=/united-states/composite-
Manufacturing PMI
46.90
46.20
points
Jan 2023
Services PMI
46.80
44.70
points
Jan 2023
Composite PMI
46.80
45.00
points
Jan 2023
United States Composite PMI
In the United States, Markit Composite PMI Output Index tracks business trends across both manufacturing and service sectors (60 percent from the manufacturing sector and 40 percent from the services sector).
The index is based on data collected from a representative panel of over 1,000 companies and follows variables such as sales, new orders, employment, inventories and prices.A reading above 50 indicates expansion in business activity while below 50 points to contraction.
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
46.80
45.00
68.70
27.00
2013 – 2023
points
Monthly
SA
Compare
Composite PMI by Country
News Stream
US Private Sector Output Drops at Softer Pace
The S&P Global US Composite PMI was revised slightly higher to 46.8 in January 2023, up from a preliminary estimate of 46.6 and above December’s four-month low of 45.0.The latest reading pointed to a softer contraction in the US private sector, as both manufacturing and service sectors shrank at slowest rates.Total new orders fell modestly in January, amid weak domestic and foreign client demand, while backlogs of work continued to decline.
In addition, employment rose only marginally.On the price front, the rate of cost inflation ticked higher, while increases in selling prices moderated again.
2023-02-03
US Private Sector Contracts for 7th Month
The S&P Global US Composite PMI improved to 46.6 in January 2023 from 45.0 in the previous month but still pointed to a seventh consecutive month of contraction in the private sector activity, a preliminary estimate showed.Activity in both service and manufacturing sectors fell at a slower pace, even as companies continued to highlight subdued customer demand and the impact of high inflation on client spending.New orders dropped the least for three months amid high inflation, rising interest rates and customer hesitancy, while employment rose marginally and backlogs of work decreased solidly.On the price front, input cost inflation quickened from December, bringing to an end a seven-month sequence of moderating rises, while the rate of output charge inflation was unchanged.Finally, business confidence strengthened to a four-month high, amid hopes of a resurgence in customer demand as 2023 progresses.
2023-01-24
US Private Sector Output Falls Sharply at End of 2022
The S&P Global US Composite PMI was revised slightly higher to 45.0 in December 2022, up from a preliminary estimate of 44.6 and compared with November’s 46.4.
Still, the latest reading indicated a strong decline in private sector business activity, led by sharp declines in both manufacturing and services output.Overall new business dropped the most since May 2020 amid a broad-based downturn in client demand, while the rate of job creation was only marginal overall and the second-weakest since September 2021.On the price front, inflationary pressures eased notably at the end of the year, as cost burdens rose at the slowest pace since October 2020 and selling prices increased the least in over two years.
2023-01-05
Related
US Stocks Slip after Strong Job Report
Week Ahead
US Treasury Yields Extend the Rise after NFP, ISM Data
US Services Growth Tops Forecasts: ISM
US Private Sector Output Drops at Softer Pace
US Services PMI Revised Higher: S&P Global
DXY Recovers from 9-Month Low
US Jobless Rate Falls to Over Five-Decade Low
US Wages Growth Slows as Expected
US NFP Beat Forecasts at 517K
United States
Calendar
Forecast
Indicators
News
Markets
Currency
Government Bond 10Y
Stock Market
GDP
Full Year GDP Growth
GDP
GDP Annual Growth Rate
GDP Constant Prices
GDP from Agriculture
GDP from Construction
GDP from Manufacturing
GDP from Mining
GDP from Public Administration
GDP from Services
GDP from Transport
GDP from Utilities
GDP Growth Rate
GDP per Capita
GDP per Capita PPP
GDP Sales QoQ
Gross Fixed Capital Formation
Gross National Product
Real Consumer Spending
Weekly Economic Index
Labour
ADP Employment Change
Average Hourly Earnings
Average Hourly Earnings YoY
Average Weekly Hours
Challenger Job Cuts
Continuing Jobless Claims
Employed Persons
Employment Cost Index
Employment Cost Index Benefits
Employment Cost Index Wages
Employment Rate
Full Time Employment
Government Payrolls
Hiring Plans Announcements
Initial Jobless Claims
Job Offers
Job Quits
Job Quits Rate
Job Vacancies
Jobless Claims 4-week Average
Labor Force Participation Rate
Labour Costs
Long Term Unemployment Rate
Manufacturing Payrolls
Minimum Wages
Non Farm Payrolls
Nonfarm Payrolls Private
Part Time Employment
Population
Productivity
Retirement Age Men
Retirement Age Women
Unemployed Persons
Unemployment Rate
Wage Growth
Wages
Wages in Manufacturing
Youth Unemployment Rate
Prices
Consumer Price Index CPI
Core Consumer Prices
Core Inflation Rate
Core Pce Price Index
Core PCE Price Index Annual Change
Core PCE Price Index MoM
Core PCE Prices QoQ
Core Producer Prices
Core Producer Prices MoM
Core Producer Prices YoY
CPI Core Core
CPI Housing Utilities
CPI Median
CPI Transportation
CPI Trimmed-Mean
Energy Inflation
Export Prices
Export Prices MoM
Export Prices YoY
Food Inflation
GDP Deflator
Import Prices
Import Prices MoM
Import Prices YoY
Inflation Expectations
Inflation Rate
Inflation Rate MoM
Michigan 5 Year Inflation Expectations
Michigan Inflation Expectations
Pce Price Index
PCE Price Index Annual Change
PCE Price Index Monthly Change
PCE Prices QoQ
Producer Price Inflation MoM
Producer Prices
Producer Prices Change
Rent Inflation
Services Inflation
Health
Coronavirus Cases
Coronavirus Deaths
Coronavirus Vaccination Rate
Coronavirus Vaccination Total
Hospital Beds
Hospitals
Medical Doctors
Nurses
Money
Banks Balance Sheet
Central Bank Balance Sheet
Fed Capital Account Surplus
Foreign Bond Investment
Foreign Exchange Reserves
Interbank Rate
Interest Rate
Loans to Private Sector
Money Supply M0
Money Supply M1
Money Supply M2
Private Debt to GDP
Repo Rate
Secured Overnight Financing Rate
Trade
Balance of Trade
Capital Flows
Crude Oil Production
Current Account
Current Account to GDP
Exports
Exports by Category
Exports by Country
External Debt
Foreign Direct Investment
Gold Reserves
Goods Trade Balance
Imports
Imports by Category
Imports by Country
Net Long-term TIC Flows
Oil Exports
Terms of Trade
Terrorism Index
Tourism Revenues
Tourist Arrivals
Weapons Sales
Weekly Crude Oil Production
Government
Asylum Applications
Credit Rating
Fiscal Expenditure
Government Budget
Government Budget Value
Government Debt
Government Debt to GDP
Government Revenues
Government Spending
Government Spending to GDP
Holidays
Military Expenditure
Business
API Crude Imports
API Crude Oil Stock Change
API Crude Runs
API Cushing Number
API Distillate Stocks
API Gasoline Stocks
API Heating Oil
API Product Imports
Bankruptcies
Business Confidence
Business Inventories
Capacity Utilization
Car Production
Car Registrations
CFNAI Employment Index
CFNAI Personal Consumption and Housing Index
CFNAI Production Index
CFNAI Sales Orders and Inventories Index
Changes in Inventories
Chicago Fed National Activity Index
Chicago PMI
Composite PMI
Corporate Profits
Corruption Index
Corruption Rank
Crude Oil Imports
Crude Oil Rigs
Crude Oil Stocks Change
Cushing Crude Oil Stocks
Dallas Fed Manufacturing Employment Index
Dallas Fed Manufacturing Index
Dallas Fed Manufacturing New Orders Index
Dallas Fed Manufacturing Prices Paid Index
Dallas Fed Manufacturing Production Index
Dallas Fed Manufacturing Shipments Index
Dallas Fed Services Index
Dallas Fed Services Revenues Index
Distillate Fuel Production
Distillate Stocks
Durable Goods Orders
Durable Goods Orders Ex Defense
Durable Goods Orders Ex Transportation
Factory Orders
Factory Orders Ex Transportation
Gasoline Production
Gasoline Stocks Change
Grain Stocks Corn
Grain Stocks Soy
Grain Stocks Wheat
Heating Oil Stocks
Industrial Production
Industrial Production Mom
ISM Manufacturing Employment
ISM Manufacturing New Orders
ISM Manufacturing Prices
ISM Non Manufacturing Business Activity
ISM Non Manufacturing Employment
ISM Non Manufacturing New Orders
ISM Non Manufacturing Prices
Kansas Fed Composite Index
Kansas Fed Employment Index
Kansas Fed Manufacturing Index
Kansas Fed New Orders Index
Kansas Fed Prices Paid Index
Kansas Fed Shipments Index
Leading Economic Index
Lmi Inventory Costs
Lmi Logistics Managers Index Current
Lmi Logistics Managers Index Future
Lmi Transportation Prices
Lmi Warehouse Prices
Manufacturing PMI
Manufacturing Production
Manufacturing Production MoM
Mining Production
Natural Gas Stocks Change
New Orders
NFIB Business Optimism Index
Non Defense Capital Goods Orders Ex Aircraft
Non Manufacturing PMI
NY Empire State Employment Index
NY Empire State Manufacturing Index
NY Empire State New Orders Index
NY Empire State Prices Paid Index
NY Empire State Shipments Index
Philadelphia Fed Manufacturing Index
Philly Fed Business Conditions
Philly Fed CAPEX Index
Philly Fed Employment
Philly Fed New Orders
Philly Fed Prices Paid
Refinery Crude Runs
Retail Inventories Ex Autos
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Shipments
Richmond Fed Services Index
Services PMI
Steel Production
Total Rigs
Total Vehicle Sales
Wholesale Inventories
Consumer
Bank Lending Rate
Chain Store Sales
Consumer Confidence
Consumer Credit
Consumer Spending
Credit Card Accounts
Debt Balance Auto Loans
Debt Balance Credit Cards
Debt Balance Mortgages
Debt Balance Student Loans
Debt Balance Total
Disposable Personal Income
Economic Optimism Index
Gasoline Prices
Households Debt to GDP
Michigan Consumer Expectations
Michigan Current Economic Conditions
Personal Income
Personal Savings
Personal Spending
Private Sector Credit
Redbook Index
Retail Sales Ex Autos
Retail Sales Ex Gas and Autos MoM
Retail Sales MoM
Retail Sales YoY
Housing
30 Year Mortgage Rate
Average House Prices
Average Mortgage Size
Building Permits
Building Permits MoM
Case Shiller Home Price Index
Case Shiller Home Price Index MoM
Case Shiller Home Price Index YoY
Construction Spending
Existing Home Sales
Existing Home Sales MoM
Home Ownership Rate
House Price Index MoM
House Price Index YoY
Housing Index
Housing Starts
Housing Starts MoM
MBA Mortgage Market Index
MBA Mortgage Refinance Index
MBA Purchase Index
Mortgage Applications
Mortgage Rate
Nahb Housing Market Index
New Home Sales
New Home Sales MoM
Pending Home Sales
Pending Home Sales MoM
Price to Rent Ratio
Single Family Home Prices
Total Housing Inventory
Taxes
Corporate Tax Rate
Personal Income Tax Rate
Sales Tax Rate
Social Security Rate
Social Security Rate For Companies
Social Security Rate For Employees
Climate
CO2 Emissions
Precipitation
Temperature
More Indicators
National Statistics
State Indicators
Federal Reserve
World .
