U.S. manufacturing showed modest but meaningful signs of improvement in April, according to data released Wednesday by S&P Global, which showed factory output and new orders ticking higher.
The April 23 report, combined with Federal Reserve data, suggests America’s industrial sector is stabilizing amid tariff-related uncertainties.
The S&P Global Flash U.S. Manufacturing PMI rose to 50.7 in April from 50.2 in March, marking a two-month high and remaining just above the neutral 50 threshold that separates expansion from contraction.
Factory output also returned to growth, edging up to 50.2 from a contractionary reading of 48.6 in the prior month. The improvement, though modest, points to a sector that is adapting to volatile conditions while benefiting from stronger domestic demand….