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Fed’s Rate Moves Put Manufacturing Sector at Risk
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wsj.comThe American manufacturing sector is starting to show signs of weakness after two years of strong growth, as higher interest rates and a slowdown in exports threaten production.
New orders for manufactured goods contracted for the sixth straight month through February, according to surveys by the Institute for Supply Management. Manufacturing output is down 1.7% from its postpandemic peak in May 2022, according to a three-month moving average of Federal Reserve data. And the Commerce Department’s measure of civilian capital equipment orders, excluding aircraft—the building blocks of business—was down 3.4% in January from its recent high in November 2021, after adjusting for inflation.
Read more on wsj.comAbout this in other media
UK inflation rate rises to 10.4% in surprise reversal of recent trend theguardian.com /1 year ago
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Interest rate rises in doubt as fear of new global crisis rattles central banks theguardian.com /1 year ago
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