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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Markit Composite PMI climbed to 55.9 in February 2022
FMPMonthlyReleased March 2022
US Markit Composite PMI climbed to 55.9 in February 2022, released March 2022, up 4.8 from January's 51.1 reading. The reading matched the 56 consensus. Year-over-year, the indicator is down 3.6. Over the past 3 months, Markit Composite PMI averaged 54.36, vs 56.25 in the prior 3-month window. The reading is in the 31st percentile of the trailing 24-month range.
Latest Release
55.9
Actual
56
Consensus
51.1
Previous
Median Absolute Error
±0.49
across last 12 releases
Last Call
Mar 2022
Predicted: 56.29
Actual: 55.9
Error: +0.39
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Composite PMI (United States) was reported at 58.50 in March 2022. The reading rose from the previous value of 55.90.
WHY IT MATTERS
The trailing three releases averaged 56.80, up from the prior three at 52.97.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.49.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include OPEC Monthly Report (Jun 11) and Core PPI MoM (Jun 11).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Composite PMI - US
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About Markit Composite PMI — United States
DEFINITION
Markit Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country or region. It combines data from the manufacturing and services sectors to provide a comprehensive view of business activity and growth. This indicator is closely monitored by investors, policymakers, and businesses as it can provide valuable insights into the current and future state of the economy. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. Markit Composite PMI is a valuable tool for decision-making and risk management in the financial world.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2022): actual 58.5. Prior reading (Feb 2022): 55.9. Before that (Feb 2022): 56.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.