Slowly but surely, the seemingly decade-long bipartisan push to reshore US manufacturing is starting to show up in the data. Manufactured ConsentUS manufacturing activity expanded at the fastest pace since May 2022 this July, according to the latest Institute for Supply Management data earlier this week. The difference between this summer and earlier this year is that manufacturing headcount is finally increasing too; employment in the manufacturing sector jumped for the first time since September 2023. The only thing standing in the way of a continued manufacturing rebound? Surprise, surprise, it’s inflation:The ISM’s pricing index for inputs rang in at 71.1 (anything above 50 equates to price growth).