The S&P Global US Manufacturing PMI edged up to 56 in October 2026 from 55.9 in September, beating forecasts of 55.5, preliminary estimates showed. The reading pointed to the strongest improvement in operating conditions in manufacturing since May 2022. Although production and new orders growth rates slowed, both remained elevated to register sustained strong expansions. Jobs growth meanwhile accelerated further to reach the highest since March 2012, and input inventories rose at the fastest rate for four months. Suppliers’ delivery times meanwhile lengthened to the greatest degree since July 2022.