United States PMI

United States

United States: Manufacturing sector returns to multi-year high in October

November 3, 2014

In October, the ISM manufacturing index increased from the 56.6% recorded in September to 59.0%. October’s improvement pushed the index back to August’s level, which marked the highest since March 2011. The result overshot market expectations of a fall to 56.0%. Moreover, the index remains comfortably above the 50.0% threshold that indicates expansion in the manufacturing sector.

The improvement was driven mainly by a jump in the new orders and supplier deliveries categories. Inventories, employment and production were also up, although less significantly.

FocusEconomics Consensus Forecast panelists expect that industrial output will increase 3.9% this year, which is up 0.2 percentage points from last month’s forecast. For 2015, panelists see industrial production accelerating to a 4.2% expansion.

Author:, Economist

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United States PMI Chart

USA PMI October 2014

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management.

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