US manufacturing activity jumps to more than four-year high in July
Factory hiring turned positive for the first time in 33 months, while 15 of 18 manufacturing industries expanded, the ISM said.
- In July, the ISM Manufacturing PMI jumped to 55.6%, with The Production Index rising to 58.5%, marking the strongest growth since November 2021.
- Creighton University Economics Professor Ernie Goss reported that Midwest manufacturing conditions improved, though Iowa shed 4,600 jobs over the past 12 months, representing 2.1% of its base.
- Pantheon Macroeconomics economist Oliver Allen wrote that "supply-chain pressures still are pushing up both output and prices," complicating manufacturer expansion amid volatile input costs.
- Copper reached $6.52 per pound on Monday, testing all-time highs as Kpler estimates data center construction will embed 500,000 tons in 2026.
- The International Energy Agency reports average ore grades have fallen 40% since 1991, leaving primary supply roughly 25% short of requirements by 2035.
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34 Articles
American Manufacturing Growth Hits Four-Year High.
The American manufacturing sector is experiencing its strongest growth in four years, driven by rising output, increased hiring, and robust demand.PULSE POINTS WHAT HAPPENED: The manufacturing sector in the U.S. is growing at its fastest pace in four years. DETAIL: According to the Institute for Supply Management (ISM), U.S. manufacturing rose to 55.6 in July, the highest since May 2022. According to the ISM’s manufacturing barometer, a reading…
US Manufacturing Hits Four-Year High In July
U.S. manufacturing activity strengthened significantly in July, with the Manufacturing PMI rising to 55.6%, its highest level since May 2022. According to the report, the reading marks the seventh consecutive month of expansion and points to continued momentum across the factory sector.The report said production reached its strongest level since late 2021, while manufacturing employment increased for the first time since September 2023. Fifteen …
New York Post
Restoring LibertyUS manufacturing hits 4-year high, with AI buildout a major driver of growth, though price volatility looms: survey
Manufacturing activity in July hit a four-year high, with massive AI investment a major driver of growth -- even as industry leaders sounded the alarm over price volatility, according to a survey released Monday.
Creighton survey shows slippage, but still growth in Iowa manufacturing
A Creighton University survey of supply managers in manufacturing plants in the middle of the country shows business conditions improved in the region last month and remain solid in Iowa. Creighton University Economics Professor Ernie Goss conducts the survey. “It’s consistent with solid overall regional economic growth as it spills over into the broader economy,” Goss […]
Manufacturing Index Reflects Continued Strong Growth - Highest in 4 Years
What we can take away from the Institute for Supply Management (ISM) index on manufacturing [Data Here]: overall, the U.S. manufacturing sector is continuing to expand significantly. The current index of 55.6 percent in July is 2.3 percentage points above the June figure and the highest reading since May 2022 (55.9 percent), when we were […] The post Manufacturing Index Reflects Continued Strong Growth – Highest in 4 Years appeared first on The…
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