Steel components lie at HCC, a company that uses parts to make combines, at the factory in Mendota, Ill. Reuters/Vincent AlbanU.S. manufacturing gained fresh momentum in January as factory output increased and business conditions improved, according to survey data released on Feb. 2, offering the clearest signs yet of a turnaround after months of weakness.The Institute for Supply Management’s (ISM’s) headline measure of U.S. manufacturing activity hit its highest level since August 2022, while S&P Global data showed output at American factories growing at its fastest pace since May 2022.
US Factory Output Rises to Near 4-Year High as Manufacturing Rebounds
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