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S&P Global: Notable Upturns in Production and New Orders Amid Stockpiling Efforts but Prices Surge Higher Again

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A sharp and stronger improvement in U.S. manufacturing conditions was signaled in May amid the sharpest upturn in production since April 2022, according to S&P Global. New orders increased markedly again, but growth in both output and sales was in part driven by stock building as firms sought to…

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