The S&P Global Flash US Manufacturing PMI fell to 49.9 in April 2024, the lowest in four months, compared to 51.9 in March and forecasts of 52. The reading pointed to broadly unchanged business conditions in April, as manufacturers drew down their stocks of purchases for the second consecutive month, and at the most marked pace since August last year. Firms made some efforts to limit the pace of depletion, however, raising their purchasing activity slightly. There remained signs of spare capacity in supply chains amid relatively muted demand for inputs. Suppliers’ delivery times shortened for the third month running. Although modest, the latest improvement in vendor performance was more pronounced than that seen in March. Finally, stocks of finished goods ticked and the slight rise in post-production inventories reflected a slowdown in demand which left firms holding unsold goods. source: S&P Global
Manufacturing PMI in the United States decreased to 49.90 points in April from 51.90 points in March of 2024. Manufacturing PMI in the United States averaged 53.36 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 49.90 points in April from 51.90 points in March 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.