Purchasing Managers Index (PMI), manufacturing in the USA, November, 2019
For that indicator, Markit Economics provides data for the USA from 2018 to 2019. The average value for the USA during that period was 53.26 index points with a minimum of 50.3 index points in August 2019 and a maximum of 56.4 index points in May 2018.
Click on the following link to see the values of Purchasing Managers Index (PMI), manufacturing
around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: Markit Economics
Definition: The manufacturing Purchasing Managers Index (PMI) is an indicator of economic health for the manufacturing sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing sector is based on questionnaire responses that cover the following economic variables: output, new orders, new export orders, backlogs of work, output prices, input prices, suppliers’ delivery times, stocks of finished goods, quantity of purchases, stocks of purchases, employment, future output.
The manufacturing PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.