United States Manufacturing PMI
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The S&P Global Flash US Manufacturing PMI fell to 48.2 in December 2023, the lowest in four months, compared to 49.4 in November and forecasts of 49.3, preliminary estimates showed.The reading signaled a sharper deterioration in operating conditions across the goods-producing sector, due to contractions in output, new orders, employment and stocks of purchases, alongside an improvement in vendor performance.Moreover, supplier delivery times improved to the greatest extent since September amid weaker demand for inputs and increased material availability.In fact, manufacturers reduced their input buying at the steepest pace since June, with many choosing to cut costs and continue working through stocks to fulfil new order requirements.Although pre-production inventories fell at a solid pace, stocks of finished goods rose for the first time since March as lower than anticipated sales led to an accumulation of items.
source:
S&P Global
Manufacturing PMI in the United States decreased to 48.20 points in December from 49.40 points in November of 2023.
Manufacturing PMI in the United States averaged 53.42 points from 2012 until 2023, 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 December of 2023.
Manufacturing PMI in the United States decreased to 48.20 points in December from 49.40 points in November of 2023.
Manufacturing PMI in the United States is expected to be 48.20 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 53.00 points in 2024 and 52.00 points in 2025, according to our econometric models.
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Related
Last
Previous
Unit
Reference
Services PMI
51.30
50.80
points
Dec 2023
Manufacturing PMI
48.20
49.40
points
Dec 2023
Business Confidence
46.70
46.70
points
Nov 2023
Composite PMI
51.00
50.70
points
Dec 2023
Manufacturing Production
-0.85
-1.90
percent
Nov 2023
Factory Orders
-3.60
2.30
percent
Oct 2023
NY Empire State Manufacturing Index
-14.50
9.10
points
Dec 2023
Dallas Fed Manufacturing Index
-19.90
-19.20
points
Nov 2023
Philadelphia Fed Manufacturing Index
-5.90
-9.00
points
Nov 2023
Chicago Fed National Activity Index
-0.49
-0.02
points
Oct 2023
Kansas Fed Manufacturing Index
-3.00
-8.00
points
Nov 2023
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.
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
48.20
49.40
63.40
36.10
2012 – 2023
points
Monthly
SA
Compare
Manufacturing PMI by Country
News Stream
US Factory Activity Shrinks Faster: PMI
The S&P Global Flash US Manufacturing PMI fell to 48.2 in December 2023, the lowest in four months, compared to 49.4 in November and forecasts of 49.3, preliminary estimates showed.The reading signaled a sharper deterioration in operating conditions across the goods-producing sector, due to contractions in output, new orders, employment and stocks of purchases, alongside an improvement in vendor performance.
Moreover, supplier delivery times improved to the greatest extent since September amid weaker demand for inputs and increased material availability.In fact, manufacturers reduced their input buying at the steepest pace since June, with many choosing to cut costs and continue working through stocks to fulfil new order requirements.
Although pre-production inventories fell at a solid pace, stocks of finished goods rose for the first time since March as lower than anticipated sales led to an accumulation of items.
2023-12-15
US Manufacturing PMI Confirmed at 49.4: S&P Global
The S&P Global US Manufacturing PMI was confirmed at 49.4 in November 2023, the lowest in three months, pointing to a renewed deterioration in operating conditions in the manufacturing sector as lower new orders weighed.The return to contraction in new sales led to a slower expansion in production and a further cut to headcounts, while inventories continued to be run down and input buying stagnated.Meanwhile, input costs rose at a notably slower pace.A lower impact from energy and material price pressures dampened inflation, with firms also moderating the extent to which greater costs were passed through to customers as selling prices rose at a slower rate.
Looking ahead, business expectations lifted from October’s recent low, but signaled subdued growth expectations for the year ahead.
2023-12-01
US Manufacturing PMI Falls More than Expected: S&P Global
The S&P Global US Manufacturing PMI fell to 49.4 in November 2023 from 50 in October, below forecasts of 49.8, preliminary estimates showed.
The reading pointed to the biggest decline in operating conditions at manufacturing firms in three months, and restarted the period of contraction seen for much of the past year.Businesses continued to run down their stocks of purchases and finished items amid improvements in supply chains, relatively subdued demand conditions and efforts to cut costs.Weak demand for inputs was reflected in a further contraction in purchasing activity and manufacturers continued to report an improvement in vendor performance.
2023-11-24
United .
