US Manufacturing Activity Expands at Fastest Pace Since 2022
- S&P Global flash February gauge advanced to 51.5 from 50.7
- Factory orders index increased to highest since May 2022
A worker welds a structural steel beam during production in West Jordan, Utah.
Photographer: George Frey/BloombergThis article is for subscribers only.
US manufacturing activity expanded at the fastest pace since September 2022, powered by stronger orders growth and suggesting producers are breaking out of an extended slump.
The S&P Global flash February purchasing managers index advanced to 51.5 from 50.7. Readings greater than 50 indicate expansion and, while only modest, the gauge has shown growth in consecutive months for the first time in over a year.