The U.S. manufacturing sector’s PMI dropped to 46.8% in July, marking its fourth consecutive month of contraction and indicating a broader economic slowdown in key industries. Manufacturing outputs and orders are declining, impacting profitability and leading to reduced capital and inventory investments. PRIMO’s robust freight and logistics network, combined with advanced pricing intelligence and automated load-matching, directly addresses the need for flexible and efficient logistics solutions to navigate these industry contractions and optimize supply chain performance.

• Manufacturing Contraction: The U.S. manufacturing sector has contracted for the 20th time in 21 months, with the Manufacturing PMI dropping to 46.8% in July.
• Weak Demand: Demand remains weak, with companies hesitant to invest in capital and inventory due to federal monetary policy and other conditions.
• Production and Employment: Production and employment indices have declined, adding pressure on profitability and indicating a slowdown in manufacturing activity.
• Industry Impact: All six of the largest manufacturing industries, including Machinery and Transportation Equipment, experienced contraction in July.

Reference: mhlnews.com