US Manufacturing Expands Most Since 2022, Input Costs Jump

US manufacturing activity expanded in March by the most since 2022, while input prices continued to surge amid the war with Iran.

The Institute for Supply Management’s gauge of prices paid for manufacturing inputs climbed another 7.8 points to 78.3, remaining at the highest since mid-2022. Over the past two months, the index has advanced 19.3 points, the most in nearly a decade.