The ISM Manufacturing PMI in the United States fell to 47.8 in February 2024 from 49.1 in the previous month, firmly below market expectations of 49.5 to point to the 16th consecutive period of declines in manufacturing activity, erasing previous hopes of fresh traction in the sector. New orders swung to the contraction territory (49.2 vs 52.5 in January), driving production levels to likewise developments (48.4 vs 50.4) despite a softer decline in backlog of orders (46.3 vs 44.7). In the meantime, prices rose for a second straight month (52.5 vs 52.9), albeit at an eased pace, amid more expensive transportation equipment, chemicals, and computer and electronic products. In turn, the fresh downturn in consumer demand pressed the need for capacity and drove employment levels to decline for a fifth straight month (45.9 vs 47.1). source: Institute for Supply Management
Business Confidence in the United States decreased to 47.80 points in February from 49.10 points in January of 2024. Business Confidence in the United States averaged 52.92 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 March of 2024.
Business Confidence in the United States decreased to 47.80 points in February from 49.10 points in January of 2024. Business Confidence in the United States is expected to be 48.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.