US Manufacturing Sees Strongest Expansion In More Than 3 Years: S&P Global

Factories report fastest growth since May 2022, led by domestic demand and inventory building, per S&P Global, though ISM data pointed to weakness in output.

Louisville Mayor Craig Greenberg (R) tours the laundry production line at Appliance Park, headquarters of GE Appliances, in Louisville, Ky., on Aug. 13, 2025. Michael Hickey/Getty Images for GE Appliances

U.S. manufacturing recorded its strongest pace of growth in more than three years in August, according to S&P Global, even as a separate survey from the Institute for Supply Management (ISM) underscored lingering weakness in production and employment.

S&P Global’s manufacturing purchasing managers’ index rose to 53, its highest reading since May 2022, the group announced on Sept. 2. The reading signals a solid expansion in factory activity after a period of uneven performance.