US Manufacturing Expands While Prices Paid, Received Accelerate

US manufacturing grew at a steady pace so far in June, partly reflecting stronger employment growth, while two measures of inflation accelerated to the highest levels since July 2022.

The S&P Global flash June factory purchasing managers index held at 52, the highest since February, according to data released Monday. Figures above 50 indicate growth.

The group’s index of prices paid for materials climbed 5.4 points, the most in four years, to 70. A nearly similar increase in prices received indicates producers are passing along higher costs including import duties.

“While domestic demand has strengthened, notably in manufacturing, to encourage ...