U.S. manufacturing gauge hits four-year high
A key U.S. manufacturing gauge rose to its highest level in four years in May. New orders and output measures increased sharply.
Topic cluster
rising
2 sources grouped by AFBytes in Economy
AFBytes briefing
Stronger manufacturing readings signal potential job gains and higher industrial output affecting wages and supply chains.
Key entities
- Highest
What to watch next
- Watch the next ISM manufacturing report and employment data releases for confirmation of sustained expansion.
- Watch the next national ISM manufacturing report for confirmation of the regional trend and its effect on growth forecasts.
Chicago PMI Surges With Highest New Orders Since 2022
The Chicago PMI recorded one of its largest monthly increases on record. New orders reached their highest level since 2022, pointing to accelerated economic activity in the Midwest.