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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Markit Manufacturing PMI climbed to 58.5 in March 2022
FMPMonthlyReleased March 2022
US Markit Manufacturing PMI climbed to 58.5 in March 2022, up 1.2 from February's 57.3 reading. The reading matched the 56.3 consensus. Over the past 3 months, Markit Manufacturing PMI averaged 56.6, vs 59.09 in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
58.5
Actual
56.3
Consensus
57.3
Previous
Median Absolute Error
±0.51
across last 12 releases
Last Call
Mar 2022
Predicted: 56.3
Actual: 58.5
Error: -2.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Manufacturing PMI (United States) was reported at 58.50 in March 2022. This beat the market consensus of 56.30 by 2.20. The reading rose from the previous value of 57.30. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 57.77, up from the prior three at 56.07.
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 0.51.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Jobless Claims 4-Week Average (Oct 22) and Continuing Jobless Claims (Oct 22).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Manufacturing PMI - US
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About Markit Manufacturing PMI — United States
DEFINITION
Markit Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a particular country. It provides valuable insights into the health and growth of the economy by tracking changes in key factors such as production, new orders, employment, and supplier deliveries. This data is collected through surveys of purchasing managers in the manufacturing industry, making it a reliable and timely indicator of economic activity. Investors, policymakers, and businesses use Markit Manufacturing PMI to make informed decisions and stay ahead of market trends.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2022): actual 58.5, consensus 56.3. Prior reading (Feb 2022): 57.3. Before that (Feb 2022): 57.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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.
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Economic Calendar - US Events
| Tuesday, October 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Housing Starts | 1.221 | 1.288 | 1.3 | 1.26 | High |
| 12:30 | US | Housing Starts MoM | -5.2 | -5.9 | 1.9 | -1.65 | Medium |
| 12:30 | US | Building Permits | 1.4 | 1.403 | 1.39 | 1.39 | High |
| 12:30 | US | Building Permits MoM | -0.2 | -2.1 | -0.7 | -0.47 | Medium |
| 14:00 | US | Pending Home Sales YoY | -11.3 | -4.7 | 1 | -5.15 | Medium |
| 14:00 | US | Pending Home Sales MoM | -7.3 | 0.3 | -0.5 | -3.90 | Medium |
| 20:30 | US | API Crude Oil Stock Change | -4.93 | -11.12 | -1.3 | -3.12 | Medium |
| Wednesday, October 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 14:30 | US | EIA Gasoline Stocks Change | -2.952 | 3.518 | -0.4 | -1.68 | Medium |
| 14:30 | US | EIA Crude Oil Stocks Change | -3.061 | -8.557 | -0.8 | -1.93 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | 1.675 | -2.527 | -1.2 | 0.24 | Low |
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Jobless Claims 4-Week Average | 198.5 | 200 | 197.25 | High | |
| 12:30 | US | Continuing Jobless Claims | 1710 | 1720 | 1713.50 | High | |
| 12:30 | US | Initial Jobless Claims | 199 | 200 | 187.50 | High | |
| 14:00 | US | Leading Index MoM | -0.1 | -0.1 | -0.10 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 67 | 83 | 81.50 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 14 | 11 | 11.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 20 | 18 | 21.00 | Low | |