The IHS Markit US Manufacturing PMI increased to 53.5 in September of 2020 from 53.1 in August, beating forecasts of 53.1. The reading pointed to the strongest expansion in factory activity since January of 2019, amid a further increase in new orders and the resumption of operations at clients, flash estimates showed. New business rose at a solid pace that was broadly similar to August’s 19-month high. The expansion in new export orders slowed, however, and was only marginal overall. Output charges rose at the fastest rate since January 2019. Goods producers registered a slower increase in backlogs of work in September as pressure on capacity eased. As such, firms expanded their workforce numbers at a slightly softer pace. Manufacturers were less confident of an increase in output over the coming 12 months in September amid operational difficulties and the ongoing COVID-19 pandemic.

Manufacturing PMI in the United States averaged 53.15 points from 2012 until 2020, reaching an all time high of 57.90 points in August of 2014 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 September of 2020. source: Markit Economics