US Manufacturing Expands While Inflation Measures Accelerate
- S&P Global flash June manufacturing PMI was unchanged at 52
- Indexes of prices paid and received highest since July 2022
A employee inspects a tire at a bicycles production facility in Manning, South Carolina.
Photographer: Micah Green/Bloomberg US manufacturing grew at a steady pace so far in June, partly reflecting stronger employment growth, while two measures of inflation accelerated to the highest levels since July 2022.
The S&P Global flash June factory purchasing managers index held at 52, the highest since February, according to data released Monday. Figures above 50 indicate growth.