Manufacturing Growth Stalls Amid Tariffs, Oil Prices
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. manufacturing maintained steady growth in February, with the key index hovering at 52.4, marking the second consecutive month of expansion above the 50 threshold. Despite economist expectations of a decline, factories outperformed, but input costs surged to 70.5, the highest in nearly three and a half years. Tariffs continue to impact the sector, with President Trump imposing a 10% global tariff for 150 days, exacerbated by U.S. and Israeli strikes on Iran. The expansion has yet to boost jobs, with manufacturing employment down 83,000 since January 2025. New orders eased slightly, but backlogs grew and exports held steady. Supplier delays worsened, pushing the deliveries index to 55.1 and fueling higher input prices. Economists anticipate relief from new tax laws, potentially bolstering factories amid tariff and oil headwinds.
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