Manufacturing slowdown: US factory activity slows as tariffs push up prices; services sector cushions overall growth
US manufacturing experienced a four-month low in November due to tariffs increasing prices and reducing demand, leading to a build-up of unsold goods. While the services sector kept overall business activity steady, rising inflation and weakened consumer sentiment, particularly among lower- and middle-income families, raise concerns for broader economic growth.
US manufacturing experienced a four-month low in November due to tariffs increasing prices and reducing demand, leading to a build-up of unsold goods. While the services sector kept overall business activity steady, rising inflation and weakened consumer sentiment, particularly among lower- and middle-income families, raise concerns for broader economic growth.
