06/25/2026
The Global Manufacturing Purchasing Managers’ Index (PMI) recorded its sharpest rise in worldwide factory production since July 2021 in May, with U.S. output hitting a four-year high. However, this surge isn’t organic demand but rather precautionary stock-building, with manufacturers building safety stocks as the conflict in the Middle East extended into its third month.
The downstream effects of this are already visible, with supplier delivery delays at their worst since mid-2022, while factory input costs rose at the steepest rate since June of the same year.
Check out S&P Global Market Intelligence for more info: https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/06/global-pmi-shows-factory-growth-spurt-amid-boost-from-price-and-supply-worries