US Manufacturing Activity Expands by Most Since June 2022
- S&P Global’s flash March gauge advanced to 52.5 from 52.2
- Composite measure of prices received hits 11-month high
Manufacturing output growth was the strongest since May 2022, driven by improving demand both at home and abroad.
Photographer: Travis Dove/BloombergThis article is for subscribers only.
US manufacturing activity expanded by the most since mid-2022 as production and factory employment growth accelerated along with measures of inflation.
The S&P Global flash March factory purchasing managers index edged up 0.3 point to 52.5, marking the third straight month above a level of 50 that indicates expansion.