Recent data show that U.S. factory activity expanded for the fifth consecutive month in May, as President Donald Trump has made revitalizing the manufacturing industry a priority since the start of his second term.
Trade policy adviser Alex Krutz recently said that “there is real investment coming here.”
The expansion has coincided with a marked shift in investment priorities under the Trump administration, various reports show.
Manufacturing Activity
A June 1 report from the Institute for Supply Management shows that the Manufacturing Purchasing Managers’ Index (PMI) rose to 54 in May from 52.7 in both April and March, exceeding forecasts of 53. The reading marked the strongest upswing in the manufacturing sector since May 2022 and the fifth consecutive month of expansion. …