US Manufacturing Growth Slows in July As Inventories Dip
The ISM's July manufacturing report indicates a slight dip in the PMI, with key indicators like new orders and production generally declining, increasing the risk of inventory buildup. Businesses commonly cite inflation, reduced orders, and raw material supply issues. Experts believe that manufacturing has not fallen into recession, but caution against inventory risk and emphasize the need for refined operations. The report suggests a slowing manufacturing sector facing challenges related to demand and supply chain disruptions, requiring careful management of inventory levels to mitigate potential losses.
