Markets

We just got the latest sign of a downturn in US manufacturing — the opposite of what Trump’s trade wars were supposed to accomplish

New orders for American-made products and equipment investment slumped more than expected in September. US manufacturing slipped into a recession this year as a trade dispute between the Trump administration and China piled onto pressure in the sector. The manufacturing sector accounts for 11% of gross domestic product but is […]
We just got the latest sign of a downturn in US manufacturing — the opposite of what Trump’s trade wars were supposed to accomplish
Markets

US factory activity unexpectedly slowed last month for the first time in 3 years — and Trump’s trade war was the main culprit

US factory activity unexpectedly fell in August for the first time since January 2016. The contraction came as the US-China trade war continued to reduce demand for products from American manufacturers. The Institute for Supply Management’s purchasing managers index – a closely-tracked gauge of US manufacturing – slumped to 49.1 […]
US factory activity unexpectedly slowed last month for the first time in 3 years — and Trump’s trade war was the main culprit
Markets

US manufacturing activity sees first quarterly decline since 2017

Industrial output unexpectedly fell in March, the Federal Reserve said Tuesday. The data was the latest pointing to slowing activity in the manufacturing sector, which economists say could enter a mild recession this year. Economists say the slowdown is in part due to the fading effects of stimulus measures, but […]
US manufacturing activity sees first quarterly decline since 2017