United States manufacturing reached a four-year high in July, according to a new report.
The United States manufacturing sector surged to its highest level in fours years, with manufacturing employment reaching a three-year high, primarily driven by robust order growth across multiple manufacturing industries. PULSE POINTS WHAT HAPPENED: United States manufacturing reached a four-year high in July, according to a new report, with employment in the sector at a three-year high. DETAIL: According to data from the Institute for Supply Management, the world’s oldest and largest supply management association, manufacturing activity in the United States hit a four-year high last month. Specifically, the Manufacturing Purchasing Managers’ Index (PMI), a key indicator of the health of the manufacturing sector used by economic…Open
In a speech in New York on Tuesday night, Treasury Secretary Scott Bessent said that a long-running bet on cheaper goods and deeper economic integration making America richer and safer had failed. Why it matters: The speech set a framework for President Trump's economic policies since his second term, including tariffs and calls for reshoring. - But it also suggests that those policies may be part of a broader rethinking of globalization that extends well beyond one administration. - If that's right, investors betting on a return to the old globalization playbook may be waiting a long time. What they're saying: "The nation that depends on its adversaries for critical inputs is not truly sovereign. And the nation that reduces its…
In a speech in New York on Tuesday night, Treasury Secretary Scott Bessent said that a long-running bet on cheaper goods and deeper economic integration making America richer and safer had failed. Why it matters: The speech set a framework for President Trump's economic policies since his second term, including tariffs and calls for reshoring. - But it also suggests that those policies may be part of a broader rethinking of globalization that extends well beyond one administration. - If that's right, investors betting on a return to the old globalization playbook may be waiting a long time. What they're saying: "The nation that depends on its adversaries for critical inputs is not truly sovereign. And the nation that reduces its…Open
