US Factory Costs Jump Most in Two Years in New York Fed Survey
An employee works on the assembly line at a Kentucky Truck Plant in Louisville.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Costs for US manufacturers climbed at the fastest pace in two years, according to a Federal Reserve Bank of New York survey, as President Donald Trump rolls out new tariffs on imports that may add to price pressures.
Measures of prices paid and received by producers both climbed for a second month in the New York Fed’s February manufacturing survey published Tuesday. The prices paid index jumped 11 points to 40.2, the highest in nearly two years.