US Manufacturing Growth Faces Headwinds as Inventory Surge Masks Underlying Weakness
The Mirage of Industrial Growth The United States manufacturing sector reached a four-year high in May, as the S&P Global US Manufacturing PMI climbed to 55.1 from 54.5 in April. However, analysts warn that this headline strength is deceptive, driven largely by aggressive stockpiling rather than organic consumer demand. As companies scramble to buffer against…