Seven industries, including textile mills, miscellaneous manufacturing and primary metals, reported growth last month. Among the 10 industries reporting contraction were makers of paper products, machinery, electrical equipment, appliances and components as well as computer and electronic products.
Tariffs continued to dominate commentary from manufacturers. Some makers of transportation equipment said conditions were worse than the 2007-09 recession, adding "there is absolutely no activity" and "this is 100 percent attributable to current tariff policy and the uncertainty it has created." Some viewed the conditions as consistent with "stagflation."
Some electrical equipment, appliances and components producers complained that "'made in the USA' has become even more difficult due to tariffs on many components." They said the "administration wants manufacturing jobs in the U.S., but we are losing higher-skilled and higher-paying roles." Others reported that because of the lack of "stability in trade and economics, capital expenditures spending and hiring are frozen."
Manufacturers of computer and electronic products said "tariffs continue to wreak havoc on planning and scheduling activities," adding that "plans to bring production back into (the) U.S. are impacted by higher material costs, making it more difficult to justify the return."
Food, beverage and tobacco products manufacturers warned that everything made of organic sugar was "about to get significantly more expensive" because of a 50% tariff on imports from Brazil and the U.S. Department of Agriculture's elimination of the specialty sugar quota.
Stocks on Wall Street were trading lower as investors worried over the appeals court ruling on the legality of tariffs. The dollar advanced against a basket of currencies. U.S. Treasury yields rose.

>GRIM HIRING PICTURE
months.
Nonetheless, ISM Manufacturing Business Survey Committee Chair Susan Spence said that for every positive comment about new orders there were "2.5 comments expressing concern about near-term demand, primarily driven by tariff costs and uncertainty." The survey's production gauge fell to 47.8 from 51.4 in the prior month.
With production declining, factory employment remained subdued, with the ISM noting that "layoffs and not filling open positions remain the main head-count management strategies."
"The grim hiring picture for manufacturing suggests companies have little confidence that a sustained improvement in demand lies around the corner," said Oliver Allen, senior U.S. economist at Pantheon Macroeconomics.
Suppliers took a bit longer to deliver materials to factories last month. The ISM survey's supplier deliveries index increased to 51.3 from 49.3 in July. A reading above 50 indicates slower deliveries.
Lengthening delivery times meant prices paid by factories for inputs remained elevated. The survey's prices paid measure slipped to a still-high 63.7 from 64.8 in July. The high reading supports economists' contention that goods prices will accelerate in the second half of 2025.
Tariffs have been slow to pass through to higher inflation, with economists arguing that businesses are still selling merchandise accumulated before the import duties kicked in.
Businesses also have been absorbing some of the tariff-related costs. But inventories were drawn down in the second quarter and companies have warned tariffs are raising their costs, which economists expect will eventually be passed on to consumers.

It is, however, not all doom and gloom for manufacturing.
Businesses have been boosting spending on AI products, which is helping to offset some of the drag from import duties.
Spending on intellectual property products grew at its fastest pace in four years in the second quarter, while investment in equipment was strong.
Economists expect the AI spending spree to continue, with factories also likely to get a boost from accelerated depreciation allowances on investments in Trump's tax and spending bill.
"Tax incentives that start in 2026 may help to boost investment later in 2025 and into 2026, but for now most producers remain in wait-and-see mode," said Ben Ayers, senior economist at Nationwide.

But the tarrifs sre making tRump cronies $. Lutnick Family Angling To Make Astronomical Sums Off Court Nixing Tariffs

.https://talkingpointsmemo.com/edblog/lutnick-family-angling-to-make-astronomical-sums-off-court-nixing-tariffs

>>1433135
good good the evil empire is beginning to be refromed

>>1433196
>but but Trump's cabinet is making money
Unironically a good thing. We elected him because he's a businessman, and those of us that understand BASIC ECONOMICS know that businessmen are the ones hiring the middle class. Trump and his cabinet making money isn't a bad thing; it's a sign that he's finally making America friendly to business again.

>but... but... manufacturing numbers
Brought to you by the same people who said the 2020 election was fair. How convenient. Rule of thumb; anything coming from a government agency that's bad about trump is bullshit. Anything good is still underselling. Once you take that mentality, you'll really see how much good Trump is doing for the country.

>>1433247
Are you also one of the grifters in his administration currently weaponizing the government or do you just defend them for free?

>>1433278
i heard he gets a few rupees per reply

>>1433247
The 2020 election was fair and most of what the pre-Trump government was saying about Trump was real and factual.

>>1433247
>Ignore your lying eyes and ears
>Have faith in the party
>Have faith in Trump

>>1433327
That guy has to be baiting, or else it's a bot.

So NVidia being a member of the Trillion Dollar Company Club isn't a bad thing when you say '(Trump's) a businessman' >>1433247? A previous president worshiped as a god by the Republicans - Ronald Reagan - was all for Free Trade, so Trump has no right to any excuses when that GPU company invests where it likes and has the right to charge what it likes for it's products, otherwise Vacheron Constantin would make their high-end watches as cheap as Casio's: just ask Trump about the former re. his by them costing $26,000 and the latter re. Bill Gates' one at just $120. Even Pope Francis had a Casio that was just $15.
And RTX 5090s cost less outside the US so you tell them if they're being 'gouged' by them or Trump via his retarded 'tariffs' when everyone elsewhere pays less.
Do companies in a capitalistic society have the right to charge whatever they like or don't they? Why do you hate Capitalism >>1433247, you commie?

>>1433363
This is what terminal TDS looks like

Say it with me:
TEMPORARY PAIN
We all knew voting for him that it would be 5 years of hurt, but once it's over, Trump will have restructured America and make it great again. This is medicine that America has to take because America has been a bad, bad little girl, and Daddy Trump is here to spank her, and it's going to hurt her far more than it hurts Daddy.

I'm looking forward to little kids working 16 hour days in the sweatshops again. It won't be me.

>>1433383
>5 years of hurt
Yeah once you hit five years of pain I don't think that's medicine, I think more akin to poisoning.

>>1433386
the accelerationists are trying to throw gas on the fire, but just like Trump on J6, are finding out that all you can whip up most retarded magats to do is mill around and smear shit on the walls.

>>1433380
TDS is "Trump dicksucking syndrome" now and you've got it.

>>1433380
This is what terminal Trump cultism looks like when faced with facts it doesn't like

So >>1433380 is anti-business.

>>1433383
girl you gotta do a better job of hiding your fetish

>>1433196
So the tariffs are bad because they're hurting Americans...except when the tariffs are bad because they're helping Americans? Which is why the tariffs should be stopped, except that's when it'll actually help the Americans you don't like?
Did you read the article you posted? Cos you sure didn't think your post through...

But the stocks that the 1% invest in are doing very well so there is that.