Core Insights - The report from the Institute for Supply Management indicates that U.S. manufacturing activity continued to decline in October, marking the eighth consecutive month of contraction [1] - The Purchasing Managers' Index (PMI) for October fell to 48.7 from 49.1 in the previous month, with a reading below 50 indicating a contraction in the manufacturing sector [1] Manufacturing Sector Performance - Only 2 out of the surveyed industries reported expansion in October, while 12 industries experienced contraction [1] - The chemical products sector reported that uncertainty in the global economic environment and fluctuating tariff policies led to order cancellations or reductions, putting continued pressure on business [1] - The machinery manufacturing sector indicated that ongoing tariff impacts and a lack of domestic alternatives for imported products hindered plans for reshoring manufacturing [1] Economic Outlook - The chair of the manufacturing survey committee, Susan Spence, noted that the pace of contraction in U.S. manufacturing activity accelerated in October, particularly in production and inventory metrics [1] - Despite some improvements in August and September, short-term growth has not translated into sustained growth in manufacturing, reflecting ongoing economic uncertainty [1]
美国10月制造业活动继续萎缩
Xin Hua Wang·2025-11-04 07:59