Mumbai, Nov. 4 -- The performance of the US manufacturing economy improved again in October, with both output and new orders rising at stronger rates. However, growth was domestic led as new exports fell due to tariffs reportedly negatively impacting international trade.
Challenges in predicting future trade policy also served to limit confidence in the outlook, although some manufacturers expect to benefit in time from the reshoring of industrial output to the United States. Tariffs also continued to underpin a steep level of cost inflation in the manufacturing economy.
Employment growth meanwhile remained modest amid evidence of spare plant capacity. Moreover, firms added to their warehouse inventories at an unprecedented pace as produc...