US manufacturing slips into contraction as costs surge, pressured by Trump tariffs

[mahatmakanejeeves]

Source: Yahoo! Finance

Yahoo Finance
US manufacturing slips into contraction as costs surge, pressured by Trump tariffs

Alexandra Canal * Senior Reporter
Tue, April 1, 2025 at 12:50 PM EDT * 3 min read

Data out Tuesday showed activity in the manufacturing sector slipped into contraction for the first time this year and costs continued to surge as suppliers weigh the impact of President Trump's tariff policy.

The Institute for Supply Management's manufacturing PMI registered a reading of 49.0 in March, down from February's 50.3 reading and below the 49.5 economists polled by Bloomberg had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate a contraction.

The prices paid index surged to 69.4, up from 62.4 the month prior and the highest reading since June 2022, reflecting companies' continued increase in costs. Economists had expected a reading of 64.6.

{snip}

Shortly following the data's release, the Federal Reserve Bank of Atlanta's GDPNow tracker, (1) which analyzes incoming data points, signaled negative growth of 3.7% in Q1, an escalation of the prior negative 2.8% reading.

{snip}

(1) https://www.atlantafed.org/cqer/research/gdpnow

Read more: https://finance.yahoo.com/news/us-manufacturing-slips-into-contraction-as-costs-surge-pressured-by-trump-tariffs-144436638.html

---

From the source:

https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/march/

[Ocelot II]

1. What a surprise.

[dweller]

2. Day 0

Of the great Liberation

😐




✌🏻

[C_U_L8R]

3. Of course it did.

The exact opposite of what Trump said it would do. What a fucking genius. Do we really want to find out that Liberation Day is just more Trump fuckups and failures.

[Johnny2X2X]

4. Trump is going to crush the middle class

The biggest complaints dfrom the owners when Biden was Presedent was that the workers were getting too much money and demanding even more. Well, Trump about to crush the manufacturing sector so these uppity workers will take anything the owners tell them to take from now on.

[BaronChocula]

5. Can't remember that word they kept repeating

ad nauseam during President Biden's term every time stocks dropped .0000001 percent or every time someone paid a bill late or every time a movie didn't make a $billion on its opening weekend. Oh yeah. Now I remember.

"RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION! RECESSION!"

[FredGarvin]

6. Alexandra Canal

I think she is Ai

[mahatmakanejeeves]

8. Nope. She's been with Yahoo! Finance for years,

Last edited Tue Apr 1, 2025, 06:40 PM - Edit history (1)

and I've been linking to her articles here at DU for years. She had another name back then, Alexandra Semenova.

She took some time off to get an MBA at Columbia, and now she's back at Yahoo! Finance.

From two and a half years ago:

Tue Sep 13, 2022: Inflation rose 0.1% in August even with sharp drop in gas prices

https://finance.yahoo.com/news/stock-market-news-live-updates-september-13-2022-090235060.html

Yahoo Finance
Stock market news live updates: Stock futures edge higher with all eyes on CPI print

Alexandra Semenova · Reporter
Tue, September 13, 2022 at 8:00 AM · 3 min read

U.S. stock futures ascended Tuesday as investors prepared for a highly-anticipated inflation reading. ... Futures tied to the S&P 500 and tech-heavy Nasdaq Composite each gained roughly 0.7% in pre-market trading. Dow futures jumped 200 points, or roughly 0.6%.

The Bureau of Labor Statistics is scheduled to release its August Consumer Price Index (CPI) at 8:30 a.m. ET. Data is expected to show inflation rose at an annual pace of 8.1% last month, according to consensus estimates compiled by Bloomberg. If realized, the reading would mark the second-straight moderation in prices from four-decade highs reached earlier this year.

Tuesday's print is likely to be a make-or-break moment for the recent bounce back for equity markets. On Monday, the S&P 500's 1% gain across all 11 sectors helped the index notch its largest four-day advance since June, according to Bloomberg data.

The latest gauge on how quickly inflation is rising across the U.S. economy comes one week before Federal Reserve officials are set to convene for their next meeting Sept. 20-21. Market participants are largely anticipating policymakers will deliver a third consecutive 75 basis point interest rate hikes after weeks of hawkish messaging from members of the U.S. central bank.

{snip}

I can go back ten years and find articles from her at DU.

Thanks for writing, and good afternoon.

[BumRushDaShow]

9. Oh wow

I know you always referenced her articles for the economic releases and then she DID disappear (and we kind of headed over to CNBC).

Didn't realize "why" and good to know she is back so I'll put them back on my "check in" list when CNBC (and Jeff Cox) doesn't get something out!

[mahatmakanejeeves]

11. She usually posts the afternoon before the data release with an "here's what analysts predict" article.

She doesn't try to beat CNBC on Friday morning.

I'll have an article up Thursday afternoon or early Friday morning with the predictions.

And good afternoon. I took yesterday off. I could smell the smoke from the wildfires in the Carolinas.

[BumRushDaShow]

13. Well CNBC has been ceding some business breaking news banners

for political ones, scooping other major news sites (and NBC News will pick up their stuff) so I'll have to remember to go back to checking Yahoo! Finance. I have used Bloomberg too (have a sub) but Bloomberg only has 5 "gift" articles per month so I use them sparingly (unless I can find an aggregator like msn or Aol republishing).

And top 'o the afternoon to you too! We at least had a good amount of rain here overnight so that has reduced the fire danger between here in PA and in NJ (where brush fires become "a thing" this time of year).

[IronLionZion]

7. No one could have seen this coming

[mahatmakanejeeves]

10. Atlanta Fed Q1 GDP tracker falls to (-3.7%).

Tim Murphy‬ ‪@tmurp1953.bsky.social‬
·
1h
We in trouble. No surprise here.

https://bsky.app/profile/tmurp1953.bsky.social/post/3llrbymup2c2c

Carl Quintanilla
‪@carlquintanilla.bsky.social‬

Follow
Atlanta Fed Q1 GDP tracker falls to (-3.7%).

I wish that were an April Fool’s prank. 🇺🇸

https://www.atlantafed.org/cqer/research/gdpnow



April 1, 2025 at 12:14 PM

https://bsky.app/profile/carlquintanilla.bsky.social/post/3llrbekutq22q

[JCMach1]

12. Funny how taxes on manufacturing work... Who knew?

[SergeStorms]

14. Settle in.

This is just the beginning of the pain.