Reported about 8 hours ago
US manufacturing activity is nearing stagnation as February saw declines in orders and employment, while prices for materials surged to their highest levels since mid-2022. The manufacturing index from the Institute for Supply Management fell slightly to 50.3, indicating growth is slowing. Tariff concerns from the Trump administration are contributing to increased input costs and a backlog in new orders, with manufacturers hesitant to pass on these costs as demand weakens. This environment has impacted hiring and raised uncertainties regarding future economic performance.
Source: YAHOO