US manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran.

Researchers said that all manufacturing data points relating to output, employment and purchasing improved for the first time since May 2022.

US manufacturing PMI hit 55.3 in May 2026, its highest in four years. But stockpiling, not organic demand, is driving growth. Here's what it means for crypto.

US manufacturing PMI hit 55.3 in May 2026, the strongest expansion since 2022. But rising input costs and supply chain delays have business leaders frustrated.

US manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and…