U.S. manufacturing soars in June, but tariffs cast a shadow

By the Globe and Mail

Jul 03, 2018

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U.S. manufacturing activity surged in June amid signs a strong economy and import tariffs were causing bottlenecks in the supply chain, resulting in factories taking longer to deliver goods to customers.

“It will take a lot to derail the U.S. economy because of the sugar high it’s on from the fiscal stimulus, but a developing trade war between the U.S. and its trading partners is a mounting threat,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pa.

The Institute for Supply Management (ISM) said its index of national factory activity jumped to a reading of 60.2 last month from 58.7 in May. A reading above 50 in the ISM index indicates an expansion in manufacturing.

Read the full story at theglobeandmail.com.

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