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 |
|---|---|---|---|
| Oct 1, 2026 | — | 50.80 | — |
| Sep 1, 2026 | 49.50 | 50.10 | -0.60 |
| Aug 3, 2026 | 50.20 | 50.00 | +0.20 |
| Jul 1, 2026 | 49.70 | 51.00 | -1.30 |
| Jun 1, 2026 | 51.20 | 52.00 | -0.80 |
| May 4, 2026 | 51.70 | 49.50 | +2.20 |
| Apr 1, 2026 | 48.70 | 50.40 | -1.70 |
| Mar 2, 2026 | 50.00 | 50.10 | -0.10 |
| Feb 2, 2026 | 49.20 | 49.90 | -0.70 |
| Jan 2, 2026 | 49.60 | 51.00 | -1.40 |
| Dec 1, 2025 | 51.50 | 52.30 | -0.80 |
| Nov 3, 2025 | 52.10 | 51.80 | +0.30 |
| Oct 1, 2025 | 51.50 | 53.80 | -2.30 |
| Sep 1, 2025 | 54.30 | 52.10 | +2.20 |
| Aug 1, 2025 | 51.90 | 51.70 | +0.20 |
| Jul 1, 2025 | 51.40 | 50.60 | +0.80 |
| Jun 2, 2025 | 50.50 | 48.30 | +2.20 |
| May 2, 2025 | 48.10 | 50.00 | -1.90 |
| Apr 1, 2025 | 49.50 | 49.80 | -0.30 |
| Mar 3, 2025 | 49.70 | 51.30 | -1.60 |
| Feb 3, 2025 | 50.90 | 53.50 | -2.60 |
| Jan 2, 2025 | 53.30 | 53.60 | -0.30 |
| Dec 2, 2024 | 53.10 | 53.50 | -0.40 |
| Nov 4, 2024 | 54.50 | 53.10 | +1.40 |
| Oct 1, 2024 | 53.00 | 50.10 | +2.90 |
| Sep 2, 2024 | 50.50 | 51.50 | -1.00 |
| Aug 1, 2024 | 51.00 | 52.50 | -1.50 |
| Jul 1, 2024 | 52.30 | 53.00 | -0.70 |
| Jun 3, 2024 | 54.00 | 52.50 | +1.50 |
| May 2, 2024 | 52.20 | 50.80 | +1.40 |
| Apr 2, 2024 | 51.40 | 51.00 | +0.40 |
| Mar 1, 2024 | 51.50 | 50.00 | +1.50 |
| Feb 1, 2024 | 49.20 | 47.90 | +1.30 |
| Jan 2, 2024 | 46.20 | 47.00 | -0.80 |
| Dec 1, 2023 | 46.30 | 45.50 | +0.80 |
| Nov 2, 2023 | 45.10 | 47.00 | -1.90 |
| Oct 2, 2023 | 47.70 | 46.50 | +1.20 |
| Sep 1, 2023 | 46.50 | 48.80 | -2.30 |
| Aug 1, 2023 | 47.80 | 48.30 | -0.50 |
| Jul 3, 2023 | 48.00 | 47.70 | +0.30 |
| Jun 1, 2023 | 48.40 | 47.80 | +0.60 |
| May 2, 2023 | 49.00 | 49.00 | 0.00 |
| Apr 3, 2023 | 51.30 | 50.10 | +1.20 |
| Mar 1, 2023 | 50.70 | 49.10 | +1.60 |
| Feb 1, 2023 | 48.40 | 48.00 | +0.40 |
| Jan 2, 2023 | 46.40 | 46.20 | +0.20 |
| Dec 1, 2022 | 45.70 | 45.60 | +0.10 |
| Nov 2, 2022 | 44.70 | 47.50 | -2.80 |
| Oct 3, 2022 | 49.00 | 49.20 | -0.20 |
| Sep 1, 2022 | 49.90 | 48.50 | +1.40 |
| Aug 1, 2022 | 48.70 | 50.20 | -1.50 |
