US manufacturing activity hit a more than four-year high. This was reported by Qazaqyia.kz citing Reuters.
According to the latest data, the manufacturing activity index rose significantly, reaching its highest level in more than four years. This indicates a recovery in the manufacturing sector and continued economic growth.
However, input prices are elevated, which could increase costs for producers and add to inflationary pressures. Analysts note that this could affect further development of industrial production.
Reuters reports that these figures demonstrate the resilience of the US economy, but elevated input prices keep market uncertainty.