US: Significant increase in output observed even as sales growth remained modest in January

US Manufacturing Sector Shows Notable Growth in January

According to January’s S&P Global PMI® report, the US manufacturing industry experienced a marked improvement in operational performance, highlighted by one of the strongest increases in output since May 2022. This recent expansion was partly fueled by companies building up their inventories, as new orders, while returning to growth, saw only a slight rise.

Tariffs continued to play a significant role, contributing to higher input costs and restraining demand, particularly from overseas buyers. Despite these challenges, business confidence remained steady, staying close to its historical average.