The Manufacturing Purchasing Managers' Index (PMI) is a leading indicator of economic health that measures the performance of the manufacturing sector. It is based on five major indicators: new orders, inventory levels, production, supplier deliveries, and the employment environment. A reading above 50 indicates expansion in the sector, while a reading below 50 represents a contraction. Investors closely watch this data as it often precedes shifts in the broader economy.
The index is derived from monthly surveys of purchasing managers at private sector companies. It is calculated as a weighted average of five sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Purchases (10%).
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 28, 2026 | — | 51.10 | — |
| Aug 27, 2026 | 54.40 | 51.00 | +3.40 |
| Jul 29, 2026 | 51.50 | 50.50 | +1.00 |
| Jun 26, 2026 | 50.90 | 51.50 | -0.60 |
| May 27, 2026 | 51.70 | 50.70 | +1.00 |
| Apr 28, 2026 | 51.20 | 52.90 | -1.70 |
| Feb 25, 2026 | 49.40 | 48.00 | +1.40 |
| Jan 28, 2026 | 47.20 | 49.50 | -2.30 |
| Dec 29, 2025 | 49.30 | 50.90 | -1.60 |
| Nov 26, 2025 | 50.40 | 49.50 | +0.90 |
| Oct 29, 2025 | 48.80 | 48.00 | +0.80 |
| Sep 26, 2025 | 47.60 | 49.50 | -1.90 |
| Aug 27, 2025 | 49.10 | 48.20 | +0.90 |
| Jul 29, 2025 | 48.20 | 47.50 | +0.70 |
