manufacturing News Updates

International is investigating establishing a second production shift at its San Antonio assembly plant, a senior executive at parent company Traton Group said.

Factory output, which accounts for three-fourths of total industrial production, was unchanged after an upwardly revised 0.1% increase in May.

The S&P Global flash composite purchasing managers index rose to 52.2 in June. The group’s manufacturing gauge rose to 55.7, the highest since May 2022.

Factory output was little changed in May after an upwardly revised 0.7% advance in April, Federal Reserve data showed. Total industrial production, which includes output of utilities and mining, rose 0.1%.

Truck and bus makers built 14,543 heavy-duty vehicles in Mexico in May, an 18.2% jump from April, according to the National Institute of Statistics and Geography.

The Institute for Supply Management's manufacturing gauge rose 1.3 points to 54, according to data released June 1. Readings above 50 indicate growth.

U.S. tariffs pushed by President Donald Trump and supply chain disruptions are eroding Mexico’s gains as a manufacturing hub.

Some gauges are at their highest since the 2020-23 period, when economies locked down because of COVID, shortages emerged and shipping snarls persisted. 

The Institute for Supply Management’s gauge of prices paid for manufacturing inputs climbed for a fourth straight month to a four-year high of 84.6.

The ISM gauge of prices paid for manufacturing inputs climbed another 7.8 points to 78.3, remaining at the highest since mid-2022.