Manufacturing Plummets to 14-Month Low
Update: 2026-01-05
Description
U.S. Manufacturing Hits 14-Month Low: Tariffs Blamed, Economists CautiousU.S. manufacturing plummeted to a 14-month low in December, with the purchasing managers index (PMI) dropping to 47.9, indicating contraction. New orders fell, input costs surged due to Trumps tariffs, and only two industries grew. Manufacturers expressed frustration, calling for free trade and predicting a bleak 2026. While tax cuts and tariff deals offer some hope, economists remain cautious about a quick factory investment rebound. Input prices remain high, fueling inflation, and companies are cutting staff. The Supreme Courts ruling on tariff legality in 2026 could impact the industry. Checkout Solipillow.com
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