U.S. manufacturing activity grew steadily in February, but a measure of the prices factories paid for raw materials rose to the highest level in nearly three-and-a-half years, underscoring upside risks to inflation amid tariffs even before a U.S.-led attack on Iran sent oil prices higher.The Institute for Supply Management said Monday that the manufacturing PMI […]
US factory activity grew for the first time in a year in January, with new orders rebounding sharply, but the manufacturing sector is still out of the woods as tariffs pushed up commodity prices and strained supply chains. The Institute for Supply Management said Monday that the manufacturing PMI recovered to 52.6 last month. It […]