U.S. manufacturing shows signs of recovery amid tariff and supply chain concerns
By
Courtenay Brown
A second-rack bagel that's nearly first-rack. Tasty stuff.
Summary
The article reports that the U.S. manufacturing sector is showing signs of recovery, with the Institute for Supply Management's purchasing managers' index reaching 54 in May — its highest level in four years — indicating a fifth straight month of expansion after a prolonged slump. However, the recovery is clouded by concerns over potential energy shocks from the Iran war, ongoing tariffs, and supply chain disruptions.
Key quotes
· 3 pulledThis is the chart that White House economic officials want you to see: A closely watched industry survey suggests a long U.S. manufacturing slump is giving way to a factory rebound.
By this measure, the manufacturing recession is over.
Activity across the sector expanded for a fifth straight month in May after spending much of the last two years in contraction territory.
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