Reported about 12 hours ago
US manufacturing continues to face challenges as evidenced by subpar new orders and rising input prices, suggesting that tariffs imposed by the Trump administration are negatively impacting businesses. The Manufacturing PMI remains below 50 for the fourth consecutive month, indicating contraction, while weak economic indicators signal a slowdown in overall economic momentum. Despite a slight uptick in production due to backlog order processing, manufacturing employment has declined, reflecting uncertainty in future demand.
Source: YAHOO