Growth in business activity in the U.S. accelerated for the third consecutive month in June, boosted by strong growth in demand and output in the manufacturing sector.
S&P Global said its flash composite purchasing managers index rose to a five-month high of 52.2 from 51.5 in May. That was a larger increase than economists had anticipated.
The PMIs are derived from surveys of supply chain managers and corporate executives. The preliminary readings are labeled “flash” because they include only a portion of the responses. The composite PMI includes responses from executives in both the services and manufacturing sectors.
The flash manufacturing PMI rose to 55.7 in June, the highest reading since May 2022, from 55.1 in May. This index has been rising for four straight months. A reading above 50 indicates growth in manufacturing. Economists had forecast a decline in the index.
Production growth accelerated to the fastest since July 2021 and new orders showed the largest rise since April 2022.
S&P Global said concerns over supply chains and prices, both related to the Iran war, contributed to the acceleration as businesses stockpiled inventories and components out of precaution. Input purchases rose at a pace not seen since September 2021, according to S&P Global. Inventories of inputs piled up in June at the fastest rate in the near-two-decade survey history—not counting the rise following the announcement of tariffs in 2025.
Source:
https://www.breitbart.com/economy/2026/06/23/u-s-manufacturing-production-rises-at-fastest-pace-in-nearly-5-years/
Diem ‘Richard’ Nguyen
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
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