Manufacturing production and demand saw growth last month, influenced by companies rushing to place orders before new tariffs were implemented by the Trump administration. The S&P Global Purchasing Managers’ Index rose to 52.7, indicating economic expansion, though this increase is attributed to concerns over tariffs affecting input prices. The Institute for Supply Management noted a slight decline in its index despite reporting price hikes caused by tariffs, with apprehension in the sector regarding who would bear these costs. Overall, inflationary pressures from tariffs are raising input costs, impacting manufacturer pricing and potentially future sales.

Source: https://www.supplychaindive.com/news/pmi-february-2025-ism-s-and-p-trump-tariffs/741387/