Manufacturing Slump Continues: US Factory Activity Shrinks Again in June 2024
Baton Rouge, Louisiana – The manufacturing sector in the United States continues to face challenges, with recent reports indicating a slump in factory activity for the third consecutive month. This trend is further emphasized by a decline in the Manufacturing PMI® to 48.5% in June 2024, as highlighted in the latest Manufacturing ISM® Report On Business®. The data suggests that manufacturers are struggling to maintain growth and are not contributing significantly to the overall economy. …