New orders in US manufacturing increased in May
June 4, 2024
New orders rose again in May in the US manufacturing sector, leading to a faster expansion of production in the middle of the second quarter of the year. Strengthening business confidence brought positive expectations, boosting hiring, purchasing activity and the accumulation of finished goods inventories. The pace of input cost inflation accelerated to its fastest pace in more than a year, to which firms responded by raising their selling prices.
