US manufacturing activity jumps to more than four-year high in July
Factory hiring turned positive for the first time in 33 months, while 15 of 18 manufacturing industries expanded, the ISM said.
- In July, the ISM Manufacturing PMI jumped to 55.6%, with The Production Index rising to 58.5%, marking the strongest growth since November 2021.
- Creighton University Economics Professor Ernie Goss reported that Midwest manufacturing conditions improved, though Iowa shed 4,600 jobs over the past 12 months, representing 2.1% of its base.
- Pantheon Macroeconomics economist Oliver Allen wrote that "supply-chain pressures still are pushing up both output and prices," complicating manufacturer expansion amid volatile input costs.
- Copper reached $6.52 per pound on Monday, testing all-time highs as Kpler estimates data center construction will embed 500,000 tons in 2026.
- The International Energy Agency reports average ore grades have fallen 40% since 1991, leaving primary supply roughly 25% short of requirements by 2035.
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48 Articles
The index of purchasing managers (PMI, in English) composed of the United States, which gathers data from the industrial and service sectors, advanced to 54.5 in July, according to data released on Wednesday (5) by S&P Global. This is the largest reading for the indicator since October last year. The index of the service sector rose to 54.6 points, above the consensus of 53.6 points of a group of analysts. This is the highest level for the indic…
American Manufacturing Growth Hits Four-Year High.
The American manufacturing sector is experiencing its strongest growth in four years, driven by rising output, increased hiring, and robust demand.PULSE POINTS WHAT HAPPENED: The manufacturing sector in the U.S. is growing at its fastest pace in four years. DETAIL: According to the Institute for Supply Management (ISM), U.S. manufacturing rose to 55.6 in July, the highest since May 2022. According to the ISM’s manufacturing barometer, a reading…
US Manufacturing Hits Four-Year High In July
U.S. manufacturing activity strengthened significantly in July, with the Manufacturing PMI rising to 55.6%, its highest level since May 2022. According to the report, the reading marks the seventh consecutive month of expansion and points to continued momentum across the factory sector.The report said production reached its strongest level since late 2021, while manufacturing employment increased for the first time since September 2023. Fifteen …
New York Post
Restoring LibertyUS manufacturing hits 4-year high, with AI buildout a major driver of growth, though price volatility looms: survey
Manufacturing activity in July hit a four-year high, with massive AI investment a major driver of growth -- even as industry leaders sounded the alarm over price volatility, according to a survey released Monday.
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