US Manufacturing Continues Contraction for Sixth Consecutive Month
US manufacturing shrank for the sixth consecutive month amid ongoing trade tensions, but there are signs of resilience with increased new orders and lower raw material prices. The report reflects complex cross-currents, including supply chain disruptions and legal challenges to tariffs, leading to a market decline. Meanwhile, other economic developments include a major AI funding round, a court ruling against Trump's military deployment in LA, and a resurgence in the US commercial paper market, highlighting varied economic dynamics.
