US Manufacturing Contracts for Third Consecutive Month Amid Trade Tensions
TL;DR Summary
US manufacturing activity contracted in May with the ISM PMI at 48.5, and imports fell to their lowest since 2009, mainly due to ongoing tariffs and reduced demand, signaling ongoing economic challenges in the sector.
- Manufacturing activity contracted in May as imports hit lowest level since 2009 Yahoo Finance
- U.S. Factory Activity Slips Further as Trade Policies Weigh, ISM Says WSJ
- U.S. manufacturers get little relief from relaxed Trump tariffs — ‘what happens in 90 days?’ MarketWatch
- Tariff gloom weighs on US manufacturing; delivery times lengthening Reuters
- US Manufacturing Activity Contracted in May for a Third Month Bloomberg.com
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