U.S. Factory activity contracts in August for a sixth month
U.S. factory activity has contracted for the sixth consecutive month, highlighting persistent weakness in the manufacturing sector. The latest data for August points to a notable drop in production, driven in part by reduced domestic demand and the impact of heightened import tariffs. Economists warn that sustained policy pressures and supply chain disruptions may prolong the sector's recession. Here's what the data reveals and what could lie ahead.
Trending Videos
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)