MTSI Manufacturing PMI Composite Indexes

Index	Jan 2026 (Final)	Feb 2026 (1st; 3/9)	Feb 2026 (2nd; 7/9)	Feb 2026 (Final; 9/9)
General PMI	-0.06	0.02	0.05	0.08
Shipments	-0.06	-0.56	-0.47	-0.47
New Orders	0.12	0.06	0.12	0.11
Production	-0.24	-0.19	0.25	0.21
Employment	-0.36	-0.41	-0.53	-0.53
Prices Paid	0.55	0.46	0.44	0.51
Prices Received	0.65	0.54	0.52	0.52

Index	Jan 2026 (Final)	Feb 2026 (1st; 3/9)	Feb 2026 (2nd; 7/9)
General PMI	-0.06	0.02	0.05
Shipments	-0.06	-0.56	-0.47
New Orders	0.12	0.06	0.12
Production	-0.24	-0.19	0.25
Employment	-0.36	-0.41	-0.53
Prices Paid	0.55	0.46	0.44
Prices Received	0.65	0.54	0.52

Index	Jan 2026 (Final)	Feb 2026 (1st; 3/9)
General PMI	-0.06	0.02
Shipments	-0.06	-0.56
New Orders	0.12	0.06
Production	-0.23	-0.19
Employment	-0.36	-0.41
Prices Paid	0.55	0.46
Prices Received	0.65	0.54

Index	Dec 2025 (Final)	Jan 2026 (1st; 3/9)	Jan 2026 (2nd; 7/9)	Jan 2026 (Final; 9/9)
General PMI	-0.83	-0.35	-0.09	-0.05
Shipments	-1.03	-0.61	-0.06	-0.06
New Orders	-0.54	-0.27	0.05	0.12
Production	-0.85	-0.82	-0.30	-0.23
Employment	-0.24	-0.49	-0.39	-0.37
Prices Paid	0.53	0.53	0.54	0.55
Prices Received	0.69	0.46	0.65	0.65

Index	Dec 2025 (Final)	Jan 2026 (1st; 3/9)	Jan 2026 (2nd; 7/9)
General PMI	-0.83	-0.35	-0.09
Shipments	-1.03	-0.61	-0.06
New Orders	-0.54	-0.27	0.05
Production	-0.85	-0.82	-0.30
Employment	-0.24	-0.49	-0.39
Prices Paid	0.53	0.53	0.54
Prices Received	0.69	0.46	0.65

Index	Dec 2025 (Final)	Jan 2026 (1st; 3/9)
General PMI	-0.81	-0.35
Shipments	-1.03	-0.61
New Orders	-0.54	-0.27
Production	-0.85	-0.82
Employment	-0.23	-0.49
Prices Paid	0.54	0.53
Prices Received	0.68	0.46

Index	Nov 2025 (Final)	Dec 2025 (1st; 4/9)	Dec 2025 (2nd; 5/9)	Dec 2025 (Final; 9/9)
General PMI	-0.45	-0.94	-0.86	-0.82
Shipments	-0.09	-0.59	-0.54	-1.04
New Orders	-0.55	-0.52	-0.32	-0.51
Production	0.76	0.00	0.00	-0.85
Employment	-0.19	-0.29	-0.20	-0.24
Prices Paid	0.59	0.40	0.40	0.40
Prices Received	0.35	0.58	0.58	0.53

Index	Nov 2025 (Final)	Dec 2025 (1st; 4/9)	Dec 2025 (2nd; 5/9)
General PMI	-0.45	-0.94	-0.86
Shipments	-0.09	-0.59	-0.54
New Orders	-0.55	-0.52	-0.32
Production	0.75	0.00	0.00
Employment	-0.19	-0.29	-0.20
Prices Paid	0.59	0.40	0.40
Prices Received	0.35	0.58	0.58

Index	Nov 2025 (Final)	Dec 2025 (1st; 4/9)
General PMI	-0.45	-0.94
Shipments	-0.09	-0.59
New Orders	-0.55	-0.52
Production	0.75	0.00
Employment	-0.19	-0.29
Prices Paid	0.59	0.40
Prices Received	0.35	0.58

Index	October 2025	November 2025
General PMI	-0.47	-0.45
Shipments	0.14	-0.10
New Orders	-0.12	-0.55
Production	0.05	0.75
Employment	-0.42	-0.19
Prices Paid	0.58	0.59
Prices Received	0.63	0.35

The MTSI Manufacturing PMI General PMI Composite Index improved slightly from -0.47 in October to -0.45 in November, revised down from the 2nd estimate of -0.39, with 9 out of 9 PMIs reported.

Activity indicators have largely returned to normal, with the Shipments index at -0.10 and the Production index jumping to 0.75.
The New Orders index remains volatile and settled a bit lower at -0.55.
The Employment index remains negative but increased to the highest since May 2025 at -0.19.
The price indexes continued to fall from their 2025 highs, with Prices Paid down to 0.59 (around the lowest since February 2025) and Prices Received down to 0.35 (joint-lowest since January 2025).

Index	October 2025	November 2025
General PMI	-0.47	-0.39
Shipments	0.14	-0.10
New Orders	-0.12	-0.54
Production	0.05	0.71
Employment	-0.42	-0.17
Prices Paid	0.58	0.59
Prices Received	0.63	0.35

The MTSI Manufacturing PMI General PMI Composite Index improved from -0.47 in October to -0.39 in November, revised down from the 1st estimate of -0.18, with 6 out of 9 PMIs reported.

Activity indicators have largely returned to normal, with the Shipments index at -0.10 and the Production index jumping to 0.71.
The New Orders index remains volatile and settled a bit lower at -0.54.
The Employment index remains negative but increased to the highest since January 2025 at -0.17.
The price indexes continued to fall from their 2025 highs, with Prices Paid down to 0.59 (around the lowest since February 2025) and Prices Received down to 0.35 (joint-lowest since January 2025).

Index	October 2025	November 2025
General PMI	-0.47	-0.18
Shipments	0.14	0.00
New Orders	-0.12	-0.42
Production	0.05	0.16
Employment	-0.42	-0.20
Prices Paid	0.58	0.56
Prices Received	0.63	0.29

The MTSI Manufacturing PMI General PMI Composite Index improved from -0.47 in October to -0.18 in November, the highest since February 2025, with 4 out of 9 PMIs reported.

Activity indicators have largely returned to normal, with the Shipments index at 0.0 and the Production index at 0.16.
The New Orders index remains volatile and settled a bit lower at -0.42.
The Employment index remains negative but increased to a 6-month high of -0.20.
The price indexes continued to fall from their 2025 highs, with Prices Paid down to 0.56 (lowest since February 2025) and Prices Received down to 0.29 (lowest since January 2025).

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MTSI Manufacturing PMI Composite Indexes

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