US factory activity holds steady as input costs rise
The US manufacturing PMI held at 52.7 in April as Middle East conflict slowed deliveries. Input prices hit a four-year high while factory jobs fell again.
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The United States manufacturing PMI held steady at 52.7 in April, matching a four-year high despite worsening supply chain disruptions. Activity remained in expansion for a fourth month as conflict in the Middle East impacted global shipping routes. Surging input costs to a four-year high of 84.6 signal persistent inflation, with financial markets expecting the Federal Reserve to keep rates unchanged into 2027.
