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 22, 2026 | — | 51.70 | — |
| Aug 31, 2026 | 52.00 | 52.00 | 0.00 |
| Aug 20, 2026 | 52.00 | 50.90 | +1.10 |
| Aug 2, 2026 | 52.00 | 51.70 | +0.30 |
| Jul 23, 2026 | 51.70 | 51.10 | +0.60 |
| Jun 30, 2026 | 51.50 | 51.20 | +0.30 |
| May 31, 2026 | 50.70 | 50.20 | +0.50 |
| May 20, 2026 | 50.20 | 50.60 | -0.40 |
| Apr 30, 2026 | 51.30 | 51.00 | +0.30 |
| Apr 22, 2026 | 51.00 | 49.00 | +2.00 |
| Mar 2, 2025 | 50.40 | 50.60 | -0.20 |
| Feb 20, 2025 | 50.60 | 49.90 | +0.70 |
| Feb 2, 2025 | 50.20 | 49.80 | +0.40 |
| Jan 23, 2025 | 49.80 | 48.30 | +1.50 |
| Jan 1, 2025 | 47.80 | 48.20 | -0.40 |
| Mar 23, 2022 | 57.30 | — | — |
| Feb 20, 2022 | 57.60 | 54.00 | +3.60 |
| Jan 31, 2022 | 55.10 | 55.30 | -0.20 |
| Jan 23, 2022 | 55.30 | 55.30 | 0.00 |
| Jan 3, 2022 | 57.70 | 57.40 | +0.30 |
| Dec 15, 2021 | 57.40 | 59.40 | -2.00 |
| Nov 30, 2021 | 59.20 | 58.50 | +0.70 |
| Nov 22, 2021 | 58.50 | 58.50 | 0.00 |
| Oct 31, 2021 | 58.20 | 57.30 | +0.90 |
| Oct 21, 2021 | 57.30 | 56.00 | +1.30 |
| Sep 30, 2021 | 56.80 | 57.30 | -0.50 |
| Sep 22, 2021 | 57.30 | 51.00 | +6.30 |
| Date | First print | Current | Revision |
|---|---|---|---|
| May 31, 2026 | 50.7 | 50.7 | 0 ↓ |
| May 20, 2026 | 50.3 | 50.2 | -0.10 ↓ |
