US Manufacturing Is Booming: Trump's Tariffs Or AI Capex? - Amazon.com (NASDAQ:AMZN), Bloom Energy (NYSE:
Businesses boosted inventories to guard against shortages and higher prices, while S&P Global said factory output rose at the fastest pace in four years.
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The manufacturing PMI, in turn, rose to 55.3 in May, the highest level in 4 years.
US manufacturing activity rises to four-year high in May, S&P Global survey shows
By Lucia Mutikani WASHINGTON, May 21 (Reuters) – U.S. manufacturing activity strengthened in May, scaling the highest level in four years, as businesses boosted inventories to guard against potential shortages and rising prices related to the war with Iran. S&P Global said its flash manufacturing PMI increased to 55.3 this month, the highest reading since May 2022, from 54.5 in April. A reading above 50 indicates growth in manufacturing, which…
US manufacturing activity expands most in four years amid stockpiling rush
The stockpiling-driven manufacturing surge may mask underlying demand weaknesses, risking future economic volatility and inflation pressures. The post US manufacturing activity expands most in four years amid stockpiling rush appeared first on Crypto Briefing.
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