Indicators
US Manufacturing Expands at Fastest Pace Since 2022 on Demand
Workers assemble steel tool chests at a manufacturing facility in Sedalia, Missouri.
Photographer: Alex Flynn/BloombergUS manufacturing is expanding at the fastest rate in more than three years on stronger demand that’s also fueling sustained inflationary pressures.
The S&P Global flash August factory purchasing managers index rose 3.5 points to 53.3, the highest since May 2022, according to data released Thursday. Figures above 50 indicate growth.