The S&P Global US Manufacturing PMI rose to a 21-month high of 52.5 in March 2024 from 52.2 in February, beating market forecasts of 51.7, preliminary estimates showed. The reading pointed to a solid improvement in the health of the manufacturing sector, helped by sharper expansions in output and employment. Also, suppliers’ delivery times continued to recover from the disruption to supply chains seen at the start of the year, shortening for the second month. Despite the marked pick-up in manufacturing production, firms scaled back their purchasing activity in March following a marginal rise in February. Anecdotal evidence suggested that inventories had been built to a level sufficient to support current workloads, leading to efforts to draw down stocks. In fact, stocks of both purchases and finished goods were reduced following increases in the previous survey period. The fall in stocks of purchases was the sharpest since last November. source: S&P Global
Manufacturing PMI in the United States increased to 52.50 points in March from 52.20 points in February of 2024. Manufacturing PMI in the United States averaged 53.39 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 March of 2024.
Manufacturing PMI in the United States increased to 52.50 points in March from 52.20 points in February of 2024. Manufacturing PMI in the United States is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Manufacturing PMI is projected to trend around 52.00 points in 2025, according to our econometric models.