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Global Business News

The Economic Times

Global Business / The Economic Times

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US manufacturing activity scales four-year high in May, ISM says

American manufacturing saw a significant boost in May, reaching its highest point in four years. Businesses are ordering ahead due to rising prices and shortages. The conflict with Iran is impacting global shipping and commodity costs. Despite increased orders, factory jobs remain low, with companies managing headcounts through attrition and layoffs.

1 Jun 2026 8:40 pm