S&P Global attributed the increase in demand to elevated spending on artificial intelligence machinery and equipment. Despite this growth, the report noted a continued decline in international trade, with export orders falling for a 15th consecutive month.
Wednesday, October 21, 2026
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US Manufacturing PMI Hits 55.9 in Best Reading Since May 2022
US Markets20 days ago
Factory hiring in the United States increased at the fastest pace in more than five years, contributing to a broader expansion in industrial output. The final September S&P Global Manufacturing PMI rose to 55.9, up from 53.9 in August, though it fell short of the 57.0 flash estimate. This reading marks the strongest performance for the American manufacturing sector since May 2022.
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