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Manufacturing Index Rises on Inventory, Job Cuts Hit 2009 High

6/23/2026

Summary

Story summary

S&P Global said the June manufacturing index rose, driven mainly by inventory rebuilding rather than new demand.
The report said factory job cuts hit their highest level since 2009 while economist Chris Williamson said the cuts reflect worries about demand sustainability and raw-material costs.
The Bureau of Labor Statistics reported 23,000 manufacturing jobs added in 2026 and a flash PMI of 55.7 for manufacturing and 51.3 for services, above forecasts.

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Story summary

S&P Global said the June manufacturing index rose, driven mainly by inventory rebuilding rather than new demand.
The report said factory job cuts hit their highest level since 2009 while economist Chris Williamson said the cuts reflect worries about demand sustainability and raw-material costs.
The Bureau of Labor Statistics reported 23,000 manufacturing jobs added in 2026 and a flash PMI of 55.7 for manufacturing and 51.3 for services, above forecasts.