The ISM Manufacturing PMI in the United States fell to 49.2 in April of 2024 from 50.3 in the earlier month, firmly below market expectations of a stall. The data reflected a contraction in the US manufacturing sector, failing to maintain earlier traction as the prior month pointed to the first expansion in 16 months. New orders moved back to the contractionary territory (49.1 vs 54.1 in March), pressured by lower demand for textile mills, food, beverage, and tobacco, machinery, and electrical goods industries. Still, production was sustained at the expansionary level (51.3 vs 54.6), supported by the 19th straight decline in backlog of orders (45.4 vs 46.3). Consequently, lower demand for capacity drove employment levels for manufacturers to drop for the seventh straight month (48.6 vs 47.4). In the meantime, the price index soared to 60.9, pointing to the highest increase in cost pressures since June 2022, lifted by hikes in crude oil, aluminum, steel, and plastics. source: Institute for Supply Management
Business Confidence in the United States decreased to 49.20 points in April from 50.30 points in March of 2024. Business Confidence in the United States averaged 52.91 points from 1948 until 2024, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.
Business Confidence in the United States decreased to 49.20 points in April from 50.30 points in March of 2024. Business Confidence in the United States is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.