Summary

• U.S. manufacturing hit a nearly four-year high in April, as the S&P Global PMI climbed 2.2 points to 54.5.
• This expansion was largely driven by defensive stockpiling as companies braced for supply disruptions and price hikes linked to conflict in the Middle East.
• The latest reading was above the forecast of 54.0 and marked the ninth straight month in expansion territory.

By Jennifer Nash

U.S. manufacturing hit a nearly four-year high in April, as the S&P Global PMI climbed 2.2 points to 54.5. This expansion was largely driven by defensive stockpiling as companies braced for supply disruptions and price hikes linked

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