US Manufacturing Growth Strongest Since 2022

2026-06-23 13:50 By Agna Gabriel 1 min. read

The S&P Global US Manufacturing PMI increased to 55.7 in June 2026 from 55.1 in May, surpassing market forecasts of 54.8 and reaching its highest level since May 2022.

This expansion signifies that factory business conditions have improved continuously since last August, with growth steadily accelerating from the recent low point in February.

Driving this upward momentum, production growth accelerated at the fastest pace since July 2021, propelled by the largest surge in new orders since April 2022.

Additionally, input inventories experienced their biggest increase since May 2025, marking the second steepest rise in the history of the survey.

The PMI also benefited from the most significant lengthening of supplier delivery times recorded since August 2022.

Conversely, the overall index gains were partially constrained by a substantial decline in employment, which represented the sharpest drop in manufacturing workforce levels since May 2020.



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