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 23, 2026 | — | 51.00 | — |
| Sep 1, 2026 | 51.10 | 51.50 | -0.40 |
| Aug 21, 2026 | 51.50 | 50.00 | +1.50 |
| Aug 3, 2026 | 49.80 | 50.00 | -0.20 |
| Jul 24, 2026 | 50.00 | 51.00 | -1.00 |
| Jul 1, 2026 | 51.20 | 50.70 | +0.50 |
| Jun 23, 2026 | 50.70 | 50.00 | +0.70 |
| Jun 1, 2026 | 49.70 | 48.90 | +0.80 |
| May 21, 2026 | 48.90 | 52.20 | -3.30 |
| May 4, 2026 | 52.80 | 52.80 | 0.00 |
| Apr 23, 2026 | 52.80 | 49.50 | +3.30 |
| Mar 2, 2026 | 50.10 | 49.90 | +0.20 |
| Feb 20, 2026 | 49.90 | 50.90 | -1.00 |
| Feb 2, 2026 | 51.20 | 51.00 | +0.20 |
| Jan 23, 2026 | 51.00 | 50.40 | +0.60 |
| Jan 2, 2026 | 50.70 | 50.60 | +0.10 |
| Dec 16, 2025 | 50.60 | 48.10 | +2.50 |
| Dec 1, 2025 | 47.80 | 47.80 | 0.00 |
| Nov 21, 2025 | 47.80 | 49.00 | -1.20 |
| Nov 3, 2025 | 48.80 | 48.30 | +0.50 |
| Oct 1, 2025 | 48.20 | 48.10 | +0.10 |
| Sep 23, 2025 | 48.10 | 50.20 | -2.10 |
| Sep 1, 2025 | 50.40 | 49.90 | +0.50 |
| Aug 21, 2025 | 49.90 | 48.20 | +1.70 |
| Aug 1, 2025 | 48.20 | 48.40 | -0.20 |
| Jul 24, 2025 | 48.40 | 48.50 | -0.10 |
| Jul 1, 2025 | 48.10 | 47.80 | +0.30 |
| Jun 2, 2025 | 49.80 | 49.50 | +0.30 |
| May 2, 2025 | 48.70 | 48.20 | +0.50 |
| Apr 23, 2025 | 48.20 | 47.90 | +0.30 |
| Apr 1, 2025 | 48.50 | 48.90 | -0.40 |
| Mar 24, 2025 | 48.90 | 46.20 | +2.70 |
| Mar 3, 2025 | 45.80 | 45.50 | +0.30 |
| Feb 21, 2025 | 45.50 | 45.30 | +0.20 |
| Feb 3, 2025 | 45.00 | 45.30 | -0.30 |
| Jan 2, 2025 | 41.90 | 41.90 | 0.00 |
| Dec 16, 2024 | 41.90 | 43.20 | -1.30 |
| Nov 22, 2024 | 43.20 | 44.60 | -1.40 |
| Nov 4, 2024 | 44.50 | 44.50 | 0.00 |
| Feb 22, 2024 | 46.80 | 43.50 | +3.30 |
| Feb 1, 2024 | 43.10 | 43.20 | -0.10 |
| Mar 24, 2022 | 54.80 | 55.00 | -0.20 |
| Mar 1, 2022 | 57.20 | 57.60 | -0.40 |
| Feb 21, 2022 | 57.60 | 55.50 | +2.10 |
| Feb 1, 2022 | 55.50 | 55.50 | 0.00 |
| Jan 24, 2022 | 55.50 | 55.50 | 0.00 |
| Jan 3, 2022 | 55.60 | 54.90 | +0.70 |
| Dec 16, 2021 | 54.90 | 55.50 | -0.60 |
| Dec 1, 2021 | 55.90 | 54.60 | +1.30 |
| Nov 23, 2021 | 54.60 | 53.00 | +1.60 |
| Nov 2, 2021 | 53.60 | 53.50 | +0.10 |
