US Manufacturing PMI Surprises on the Upside: S&P Global

2025-04-23 13:52 By Luisa Carvalho 1 min. read

The S&P Global US Manufacturing PMI rose to 50.7 in April 2025 from 50.2 in March, better than market expectations of 49.1, a preliminary estimate showed.

Although growth was modest, this marked the fourth consecutive month of expansion in manufacturing activity.

Output returned to growth after contracting in March, though the expansion was marginal.

New orders saw a slight increase, driven by domestic demand, while export orders declined significantly, with tariffs boosting domestic sales but contributing to weaker foreign demand.

Meanwhile, jobs were cut for the first time since October.

Input costs rose at a pace not seen since August 2022, driven by tariffs, supply issues, and a weaker exchange rate.

Accordingly, output inflation accelerated to a 29-month high.

Looking forward, business confidence dropped to its lowest level since last August, driven by concerns over rising costs, supply shortages, slower economic growth, and declining demand from export customers.



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