US Manufacturing PMI Dips but Sector Stays Resilient

US Manufacturing PMI Dips but Sector Stays Resilient

The U.S. Manufacturing PMI reached 55.3 in June, indicating continued expansion. A surge in new orders, reaching 60.0, served as the primary driver. Businesses displayed strong confidence, and the pace of price increases moderated. The first half of the year demonstrated positive performance. The robust new orders suggest sustained growth in the manufacturing sector.

US Manufacturing Growth Slows on Supply Chain Inflation Pressures

US Manufacturing Growth Slows on Supply Chain Inflation Pressures

The US Manufacturing PMI in April declined to 55.4 from March, but still marked the 23rd consecutive month of expansion, albeit at a slower pace. New orders and production indexes slightly decreased, while the employment index fell significantly. Supply chain bottlenecks and inflationary pressures persist, and businesses face labor shortages. Experts suggest this slowdown might be temporary, and the overall manufacturing sector remains robust. Going forward, it's crucial to address challenges and seize opportunities to maintain growth.