From Yahoo Finance: 2025-06-02 11:17:00

Economic activity in the US manufacturing sector continued to contract in May, with the Institute for Supply Management reporting a PMI of 48.5, down from April. Imports fell to their lowest level since 2009 at a reading of 39.9, largely due to President Trump’s tariff hikes impacting demand and pricing. Panelists’ biggest concern was tariffs, with 86% mentioning levies. S&P Global’s reading of 52 showed growth in new orders but also highlighted worries about supply issues and rising prices.



Read more at Yahoo Finance: Manufacturing activity contracted in May as imports hit lowest level since 2009