US Manufacturing Growth Strengthens in October: S&P Global

2025-11-03 14:55 By Joana Ferreira 1 min. read

The S&P Global US Manufacturing PMI rose to 52.5 in October 2025, up from 52.0 in September and slightly above the preliminary estimate of 52.2.

The latest reading signaled the third consecutive month of expansion in the manufacturing sector, supported by faster output growth and the strongest rise in new orders in 20 months, driven by improved market demand and success in securing new contracts.

However, exports fell for the fourth straight month and at the sharpest pace since July, reflecting weaker sales to key trading partners, including Canada, China, Europe, and Mexico.

Employment growth remained modest, with firms citing spare capacity in production facilities.

On the price front, input cost inflation stayed elevated by historical standards due to tariffs, prompting firms to raise selling prices significantly.

Finally, business confidence weakened to its lowest level since April, as firms expressed caution over global trade conditions and policy uncertainty.



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