US Manufacturing Sector Expansion Holds Steady

2026-08-03 13:50 By Agna Gabriel 1 min. read

The S&P Global US Manufacturing PMI was revised slightly higher to 53.9 in July 2026 from the preliminary estimate of 53.8, matching June's reading and signaling another month of solid expansion in factory activity.

Operating conditions have now improved for 12 consecutive months, although momentum softened.

Output growth eased to its weakest pace since March, while new orders increased at a slower rate for the third straight month.

Export orders continued to decline amid tariff pressures and subdued overseas demand.

Supply chain disruptions remained severe, with supplier delivery times deteriorating at one of the fastest rates in four years, contributing to material shortages.

Input cost inflation, driven by higher energy prices and tariffs, eased to a four-month low but remained elevated, prompting manufacturers to continue raising selling prices.

Business confidence stayed positive but slipped to its weakest level since October 2025.



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US Manufacturing Sector Expansion Holds Steady
The S&P Global US Manufacturing PMI was revised slightly higher to 53.9 in July 2026 from the preliminary estimate of 53.8, matching June's reading and signaling another month of solid expansion in factory activity. Operating conditions have now improved for 12 consecutive months, although momentum softened. Output growth eased to its weakest pace since March, while new orders increased at a slower rate for the third straight month. Export orders continued to decline amid tariff pressures and subdued overseas demand. Supply chain disruptions remained severe, with supplier delivery times deteriorating at one of the fastest rates in four years, contributing to material shortages. Input cost inflation, driven by higher energy prices and tariffs, eased to a four-month low but remained elevated, prompting manufacturers to continue raising selling prices. Business confidence stayed positive but slipped to its weakest level since October 2025.
2026-08-03
US Manufacturing Growth Eases Slightly in July
The S&P Global US Manufacturing PMI edged down to 53.8 in July 2026 from 53.9 in June, falling short of market expectations of 54.3, according to the preliminary estimate. Despite the slight decline, the index remained close to its highest levels in more than four years. The modest slowdown reflected a sharp easing in production growth, which weakened to its slowest pace since March, while new orders expanded at the weakest rate in four months. Slower inventory accumulation, following exceptionally strong stockbuilding in May and June, also weighed on the headline PMI. These headwinds were partly offset by a renewed increase in factory employment and longer supplier delivery times. Unlike the delays typically associated with strong demand, the latest deterioration in supplier performance was primarily linked to supply disruptions stemming from the Middle East.
2026-07-24
US Manufacturing PMI Revised Down in June
The S&P Global US Manufacturing PMI was sharply revised down to 53.9 in June 2026, significantly below the preliminary estimate of 55.7 and May’s final reading of 55.1. Despite the drop, the latest figure marked the eleventh straight month of expansion, indicating a solid improvement in operating conditions, though the weakest in three months. Output and new orders continued to rise, albeit at slower yet historically strong rates, driven by new product launches and pre-orders to hedge against rising prices. Input costs increased sharply due to higher raw material prices, though the rise was softer than May’s peak. Selling price inflation also eased to a three-month low. However, job cuts accelerated to the fastest pace since May 2020, the quickest outside the pandemic since October 2009. Business optimism for the year ahead also declined for the second consecutive month, hitting its lowest level since October 2025.
2026-07-01