The manufacturing sector was one of the biggest sufferers over the past couple of years as inflation hit a 40-year high, which compelled the Federal Reserve to adopt an aggressive monetary tightening campaign. Higher interest rates slowed demand and the manufacturing sector started shrinking. Although the crisis is far from over, manufacturing activity has steadily made a rebound for the last two months, thanks to cooling inflation and easing price pressures. The Institute for Supply Management (“ISM”) repo ...