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US manufacturing soars on front-loading of orders; factory employment tanks to six-year low
US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict impacts. However, factory employment plunged to a six-year low due to rising operational costs. Despite peace talks offering some confidence, inflation concerns persist, leading manufacturers to cut jobs. This trend contrasts with official payroll data, suggesting private surveys may not always predict broader employment figures.
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cfodive.com
Manufacturing grows at fastest rate since 2021 amid big job cuts: S&P
S&P Global flagged “an ongoing bifurcation of the economy, with sluggish service sector growth contrasting with an increasingly solid manufacturing expansion.”
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economictimes.indiatimes.com
US manufacturing soars on front-loading of orders; factory employment tanks to six-year low
US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict impacts. However, factory employment…
