Mumbai, June 2 -- US manufacturing conditions strengthened in May, according to S&P Global's latest PMI survey. The headline index rose to 55.1, up from 54.5 in April, marking the highest reading since May 2022 and extending its run above the 50.0 growth threshold to ten consecutive months.
Production surged at the fastest pace in over four years, outpacing new orders and prompting firms to build stocks of finished goods. While domestic demand supported growth, exports continued to decline for the eleventh straight month, weighed down by tariffs and geopolitical instability.
Input costs climbed sharply, driven by rising fuel and oil-related prices, with inflation reaching its highest level since July 2022. Supplier delivery times worsened...