American manufacturing roared back to life in January, posting its strongest performance in nearly four years and ending more than two years of persistent contraction.
The Institute for Supply Management’s manufacturing index surged to 52.6 in January from 47.9 in December, marking the sector’s first expansion in a year and capping what had been 26 consecutive months of decline. The 4.7-point jump far exceeded economists’ expectations and represented the most robust reading since early 2022.
The turnaround was driven by a surge in demand. New orders jumped 9.7 points to 57.1, the highest level since February 2022, while production climbed to…
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