Key facts
- US manufacturing activity increased in May, reaching a four-year high.
US manufacturing activity scales four-year high in May
IN SHORT
US manufacturing activity increased more than expected in May, hitting the highest level in four years. The ISM manufacturing PMI advanced to 54.0, the highest reading since May 2022, from 52.7 in April, driven by businesses front-loading orders amid rising prices and shortages.
Key Numbers
54.0US ISM Manufacturing PMI in May
52.7US ISM Manufacturing PMI in April
four yearshighest level of manufacturing activity
May 2022previous highest reading for ISM Manufacturing PMI
9.4%manufacturing's share of the economy
56.8new orders measure in May
54.1new orders measure in April
82.1prices paid for inputs in May
84.6prices paid for inputs in April
Who's Involved
Institute for Supply Management (ISM)
Provider of the manufacturing PMI survey data
Reuters
Publisher of the economic report
Donald Trump's administration
Imposed new duties and defended tariffs on imports
