Mumbai, June 3 -- Tariffs and trade policy continued to dominate the manufacturing landscape in May, according to the latest PMI survey data from S&P Global.
Amid evidence of client efforts to front-run tariff related price increases and supply chain disruption, new orders to US manufacturers increased. Similar factors led to a survey record increase in stocks of inputs, whilst higher input prices due to tariffs were signaled and output charge inflation was the highest since November 2022. Delivery delays were at their most acute since October 2022.
The headline index from the report, the seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI), posted 52.0 in May.
That was up from readings of 50.2 in the precedin...