US manufacturing slows in June amid tariff-driven inflation: S&P
US manufacturing expanded in June, though growth slowed as exports fell and tariff-driven inflation surged. The PMI dipped to 52.8, with strong domestic demand, as per S&P Global. Input costs rose at the fastest pace since July 2022. Employment climbed, but business confidence slipped. The Fed is expected to hold rates steady, with GDP growth forecast below 1.5 per cent for 2025.
US manufacturing expanded in June, though growth slowed as exports fell and tariff-driven inflation surged.
The PMI dipped to 52.8, with strong domestic demand, as per S&P Global.
Input costs rose at the fastest pace since July 2022.
Employment climbed, but business confidence slipped.
The Fed is expected to hold rates steady, with GDP growth forecast below 1.5 per cent for 2025.
