U.S. Manufacturing Struggles Persist

U.S. manufacturing continues to face challenges, as indicated by the latest ISM Manufacturing PMI data. Susan Spence, ISM Manufacturing PMI Chair, discussed the implications of these figures on the broader economy during her appearance on ‘Closing Bell Overtime.’

Reshoring Efforts Fall Short

Despite ongoing efforts to reshore manufacturing, results have been underwhelming. Spence highlighted that the anticipated boost from reshoring initiatives has not materialized, raising concerns about the sector’s recovery and overall economic stability.