Manufacturing is expanding for the second straight month — that's the good news. 📊
But prices paid spiking to 70.5, the highest since June 2022, tells a more complicated story. And critically, this data was collected before the Hormuz disruption sent oil prices surging. ⚠️
The next PMI print will be the one to watch. If energy costs stay elevated, manufacturers absorb the pain or pass it to consumers — neither option is clean.
The recovery is real. So is the inflation threat coming right behind it. 👀
#ISM #Manufacturing #Inflation #MacroAlert $BTC
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