Report: U.S. Manufacturing Activity Remains Strong

Gallup’s Economic Confidence Index has dropped to its lowest reading since the tail end of the Great Recession in early 2009. But the U.S. manufacturing sector continues to be resilient. According to the Institute for Supply Management, U.S. manufacturing growth grew at a faster rate than expected last month, even as supply challenges lingered.

Chad Moutray, chief economist for the National Association of Manufacturers, reports there were 996,000 manufacturing job openings in April, a new all-time high, with increased postings for both durable and nondurable goods firms. 6/2/2022