The S&P Global US Composite PMI rose to 53.5 in March 2025, from February's 10-month low of 51.6, indicating the strongest growth since December 2024, a flash estimate showed. The service sector led the upturn (PMI at 54.3 vs 51), with some of the growth attributed to a recovery in business activity following weather-related disruptions in January and February. Meanwhile, manufacturing fell (49.8 vs. 52.7) after a tariff-driven boost earlier in the year. Employment grew only marginally, recovering from February's decline. Input price inflation surged to a near two-year high, especially in manufacturing, due to tariffs, though competition limited the pass-through to selling prices. Business expectations for the year ahead dropped to their second-lowest since October 2022, reflecting growing caution due to demand concerns and Trump's administration policies. source: S&P Global

Composite PMI in the United States increased to 53.50 points in March from 51.60 points in February of 2025. Composite PMI in the United States averaged 53.76 points from 2013 until 2025, reaching an all time high of 68.70 points in May of 2021 and a record low of 27.00 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Composite PMI in the United States increased to 53.50 points in March from 51.60 points in February of 2025. Composite PMI in the United States is expected to be 53.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Composite PMI is projected to trend around 51.00 points in 2026 and 53.00 points in 2027, according to our econometric models.

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United States Composite PMI
In the United States, the S&P Global Composite PMI Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across both manufacturing and service sectors. The index is based on data collected from a representative panel of over 800 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
US Private Sector Activity Growth Picks Up
The S&P Global US Composite PMI rose to 53.5 in March 2025, from February's 10-month low of 51.6, indicating the strongest growth since December 2024, a flash estimate showed. The service sector led the upturn (PMI at 54.3 vs 51), with some of the growth attributed to a recovery in business acti...vity following weather-related disruptions in January and February. Meanwhile, manufacturing fell (49.8 vs. 52.7) after a tariff-driven boost earlier in the year. Employment grew only marginally, recovering from February's decline. Input price inflation surged to a near two-year high, especially in manufacturing, due to tariffs, though competition limited the pass-through to selling prices. Business expectations for the year ahead dropped to their second-lowest since October 2022, reflecting growing caution due to demand concerns and Trump's administration policies. more
2025-03-24
US Private Sector Activity Growth Eases to 10-Month Low
The S&P Global US Composite PMI came in at 51.6 in February 2025, revised up from the preliminary estimate of 50.4 but down from the previous month's 52.7. This marked the slowest pace of expansion in the US private sector since April 2024, with service sector growth slowing to a 15-month low. I...n contrast, manufacturing output saw a significant increase. New orders rose, but at a slower rate, while employment declined for the first time in three months. On the inflation front, input cost inflation reached its highest level in five months, though output charges increased at a more moderate pace. more
2025-03-05
US Composite PMI Falls to 17-Month Low
The S&P Global US Composite PMI dropped sharply to 50.4 in February 2025 from 52.7 in January, indicating a near-stagnation in the private sector, a preliminary estimate showed. It also marked the slowest pace of business expansion since September 2023, driven by a renewed contraction in service...s output that partially offset faster manufacturing growth. New order growth weakened significantly, while employment edged lower amid rising uncertainty and cost concerns. On the price front, input cost inflation accelerated to its highest level since last September, while selling prices saw their slowest increase in three months. Finally, business optimism about the coming year slumped to its lowest since December 2022, except for last September, amid concerns over federal government policies related to domestic spending cuts and tariffs, as well as worries over higher prices, and broader geopolitical developments. more
2025-02-21