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U.S. June manufacturing PMI rises to 55.7 as firms order early

U.S. June manufacturing PMI rises to 55.7 as firms order early

S&P Global flash data showed factory activity outpaced forecasts, while services also improved and employment in manufacturing fell to a six-year low amid higher costs tied to Middle East conflict.

Fact Check
The S&P Global primary press release directly confirms the Manufacturing PMI rose to 55.7 in June 2026 (flash), beating forecasts (Trading Economics cites 54.8 forecast), with services/composite improving and manufacturing employment falling to its sharpest rate since May 2020 amid elevated costs and war-related supply disruptions. The claim's phrasing about a 'six-year low' in manufacturing employment is broadly consistent with the steepest cuts since May 2020 (~six years). All core figures and themes match the official source and CNBC corroboration.
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Summary

U.S. manufacturing activity expanded again in June, with the flash S&P Global manufacturing PMI rising to 55.7 from 55.1 in May and topping the 54.8 Reuters forecast. The increase was linked to firms ordering early to avoid shortages and price increases. Services activity also improved, with the services PMI climbing to 51.3 from 50.7, helping lift the composite output index to 52.2 from 51.5. Despite stronger output, factory employment fell to a six-year low as conflict in the Middle East raised operating costs.

Terms & Concepts
  • PMI: Purchasing Managers' Index, a business activity gauge
  • composite output index: A combined measure of manufacturing and services activity