因商用飞机订单暴跌 美国6月工厂订单环比下降4.8%

Core Insights - The U.S. manufacturing new orders saw a significant month-on-month decline of 4.8% in June, reversing the strong rebound from May driven by a surge in aircraft orders [1] - Despite the June drop, overall orders increased by 3.8% compared to the same period last year [1] - The decline in orders was primarily attributed to a sharp decrease in commercial aircraft orders, which are high-value capital goods that significantly impact overall manufacturing data [1] Manufacturing Sector Performance - Manufacturing accounts for 10.2% of the U.S. GDP, but it has been facing multiple constraints leading to a weakening development trend [1] - The aggressive trade policies implemented during the Trump administration, including high tariffs on various imports, have posed greater challenges for the manufacturing sector [1] - The tariffs aimed to protect domestic industries and increase fiscal revenue, but they have also resulted in higher production costs and supply chain limitations [1] Economic Outlook - Economists generally believe that Trump's tariff strategy to "revive" manufacturing is unlikely to succeed in the short term due to labor shortages and the lengthy process of infrastructure adjustments and supply chain restructuring [2]