Manufacturing hits lowest level since June 2020

United States News News

Manufacturing hits lowest level since June 2020
United States Latest News,United States Headlines
  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

U.S. manufacturing slowed more than expected in June to a PMI reading of 53%, reaching the lowest level in two years as demand and employment contracted.

slowed more than expected in June to the lowest level in two years, as both demand and employment contracted according to the latest data.

Employees work on the assembly line at the Dakkota Integrated Systems manufacturing facility in Detroit, Michigan, U.S., on Thursday, May 5, 2022. A worker hangs parts on a wall to be used in a Venice model roadster vehicle at the Vanderhall Motor Works Inc. manufacturing facility in Provo, Utah

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FoxBusiness /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's June factory activity expands at fastest pace in 13 months - Caixin PMIChina's June factory activity expands at fastest pace in 13 months - Caixin PMIChina's manufacturing activity expanded at its fastest in 13 months in June, buoyed by a strong rebound in output, as the lifting of COVID lockdowns sent factories racing to meet recovering demand, a private sector poll showed on Friday.
Read more »

U.S. manufacturing sector slows in June; new orders measure contracts -ISMU.S. manufacturing sector slows in June; new orders measure contracts -ISMU.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, more evidence that the economy was cooling amid aggressive monetary policy tightening by the Federal Reserve.
Read more »

As Tokyo's June flames out in record heatwave, a power plant shutdown stokes blackout concernAs Tokyo's June flames out in record heatwave, a power plant shutdown stokes blackout concernJapan's electricity grid creaked on Thursday under the strain of Tokyo's hottest June streak since 1875, as the sudden shutdown of a power plant left tens of millions of residents a step closer to blackouts that would bring air conditioners to a halt.
Read more »

Today’s daily horoscope for June 30, 2022Today’s daily horoscope for June 30, 2022Zodiac signs and horoscopes on 6/30/22 for Aquarius, Pisces, Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn.
Read more »

Powerball winning numbers for Wednesday, June 29, 2022; jackpot $365 millionPowerball winning numbers for Wednesday, June 29, 2022; jackpot $365 millionThe Powerball jackpot is an estimated $365 million for the Wednesday, June 29, 2022, drawing.
Read more »

Your Turn, June 30: Hear women at the ballot box defending their rights.Your Turn, June 30: Hear women at the ballot box defending their rights.Read the Express-News letters to the editor for June 30.
Read more »



Render Time: 2025-03-13 09:47:01