US Manufacturing Grew, Input Costs Soared Before Iran Attack
Workers weld seams at the a metal manufacturing facility in Sacramento, California.
Photographer: David Paul Morris/BloombergUS manufacturing expanded in February but input prices soared at the fastest pace since 2022, stoking fears of an inflation resurgence even before this weekend’s attacks on Iran.
The Institute for Supply Management’s gauge of prices paid for manufacturing inputs jumped 11.5 points to 70.5, the highest level since overall inflation peaked nearly four years ago.