Business & Finance
US Manufacturing Expands for a Sixth Month, Costs Gauge Drops
Key Points
US Manufacturing Expands for a Sixth Month, Costs Gauge Drops US manufacturing activity expanded for a sixth straight month in June as a war-driven surge in input costs eased. The Institute for Supply Management’s manufacturing gauge fell 0.7 points to 53.3, holding close to a four-year high, according to data released Wednesday. Readings above 50 indicate growth, and the figures point to the longest expansion for the sector since 2022.
US Manufacturing Expands for a Sixth Month, Costs Gauge Drops
US manufacturing activity expanded for a sixth straight month in June as a war-driven surge in input costs eased.
The Institute for Supply Management’s manufacturing gauge fell 0.7 points to 53.3, holding close to a four-year high, according to data released Wednesday. Readings above 50 indicate growth, and the figures point to the longest expansion for the sector since 2022.