From Yahoo Finance: 2025-06-02 10:07:00

U.S. manufacturing contracted for a third straight month in May, with suppliers facing longer delivery times due to tariffs, potentially leading to shortages. Manufacturers in the ISM survey criticized Trump’s trade policy, noting challenges in remaining profitable. The outlook is bleak with higher input costs and supply disruptions, said economists.

The ISM manufacturing PMI dropped to 48.5, below the 50 threshold indicating contraction. While some industries reported growth, others like transportation equipment and chemical products saw declines. Businesses struggle to plan due to chaotic tariff implementation. Uncertainty persists as court rulings impact tariffs, affecting businesses and causing financial distress.

Tariffs impacted single-family homebuilding spending in April, contributing to a 0.4% decline in construction spending. Stocks on Wall Street fell, the dollar weakened, and U.S. Treasury yields rose. Manufacturers faced challenges due to tariffs, with supply chain disruptions and financial distress among suppliers. Uncertainty prevails as businesses await clarity on trade policies.



Read more at Yahoo Finance: Tariff gloom weighs on US manufacturing; delivery times lengthening