Indicators
US Manufacturing Activity Expands by the Most Since 2022
Workers on the assembly floor at a airplane manufacturing facility in Renton, Washington.
Photographer: David Ryder/BloombergUS manufacturing activity unexpectedly expanded in January at the fastest pace since 2022, energized by solid growth in new orders and production.
The Institute for Supply Management’s manufacturing index rose to 52.6 from 47.9, according to data released Monday. Readings greater than 50 indicate expansion, and the latest figure topped all projections in a Bloomberg survey of economists.