Tariffs disrupting US supply chains: PMI report

01 July 2019

 

US purchasing managers' indices (PMIs) have been sliding since August 2018, albeit from elevated levels. After reaching a cyclical peak in September 2017, manufacturing PMI readings went sideways for a year before they started a downtrend. The latest reading has continued this trend with geopolitical issues uppermost in managers’ minds. US manufacturing activity slowed in June to below-average levels. According to the latest Institute of Supply Management (ISM) survey, its...

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