Reported 1 day ago
US manufacturing has entered a contraction phase for the first time this year as costs soar due to President Trump's tariffs. The manufacturing PMI fell to 49.0 in March, indicating reduced activity, while the prices paid index surged to the highest level since June 2022 at 69.4. This instability has resulted in decreased new orders and heightened concerns among manufacturers regarding future policies, with many citing supply chain disruptions and increased operational costs associated with tariffs.
Source: YAHOO