U.S. Manufacturing Shows Signs of Rebound as Output and Orders Rise

U.S. manufacturing activity picked up sharply in August, according to a pair of surveys released Tuesday, offering mixed but cautiously encouraging signals for the industrial economy as new orders returned to growth and output surged.

The S&P Global U.S. Manufacturing PMI climbed to 53.0, its highest reading in over three years, up from 49.8 in July. The report pointed to a significant acceleration in production, robust hiring, and growing order books—conditions last seen during the post-pandemic manufacturing boom of 2022.

“Purchasing managers reported that U.S. manufacturing was running hot over the summer,” said Chris Williamson, chief…

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