America’s factory rebound is real but fragile amid costs and supply risks
TL;DR
ISM’s May manufacturing PMI rose to 54, the fifth straight month of expansion, signaling a potential end to the factory slump, but respondents warn the strength may reflect precautionary stockpiling and ongoing cost and supply-chain pressures, leaving the underlying health of U.S. manufacturing unclear.
- America has a muddled recovery in manufacturing Axios
- Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54 KITCO
- US manufacturing activity at four-year high, supply constraints growing Reuters
- US Manufacturing Activity Expands by Most in Four Years Bloomberg.com
- The manufacturing sector is growing, but isn't adding jobs marketplace.org
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