US Manufacturing Activity Improved in June, but Sentiment Remains Low

US manufacturing activity improved in June, but sentiment remains low

Weak demand and price increases continued last month as a return of country-specific tariffs looms, according to the Institute for Supply Management.

US manufacturing mired in weakness as tariffs bite

By Lucia Mutikani

Manufacturing business confidence rebounds from 44-month low

According to a study by S&P Global released on July 1, business confidence has bounced back from the 44-month low seen in April. Hopes for more stable market conditions and a reduction in trade tensions were among the factors supporting the optimistic outlook, which was nonetheless weaker than the series average. Andrew Harker, economics director at S&P Global Market Intelligence, said, "June saw a worsening of international demand conditions fo…

U.S. Tariff Deadline Looms Over Fragile Future Of Manufacturing Jobs Globally

Worries over future U.S. tariffs are clouding the outlook for factories across much of the United States, Asia and Europe, according to surveys released on Tuesday which nonetheless showed some were able to shrug off the uncertainty and keep growing. Among the bright spots, Japan’s manufacturing read-out showed growth for the first time in 13 months, South Korea’s activity contracted at a milder pace and China’s Caixin PMI index also expanded in…