MTSI Manufacturing PMI Composite Indexes: May 2025 (2nd Estimate)
| Index | April 2025 | May 2025 |
|---|---|---|
| General PMI | -1.63 | -0.94 |
| Shipments | -1.26 | -1.14 |
| New Orders | -1.71 | -0.63 |
| Production | -0.73 | -1.05 |
| Employment | -0.90 | -0.16 |
| Prices Paid | 0.86 | 0.85 |
| Prices Received | 1.05 | 1.01 |
The MTSI Manufacturing PMI Composite Index improved from -1.63 in April to -0.94 in May, signaling an improvement in manufacturing conditions that are still historically weak.
- The rebound was strongest in the New Orders index which improved from -1.71 to -0.63.
- Employment improved to near the historical average after dropping to the weakest since September 2024.
- Inflationary pressures, both input and output, remain high, each about 1 standard deviation above the mean.
