Liberation Day triggers panic mode for manufacturers
Despite the strong basics, feelings in the American manufacturing sector were often informed with noisy anxiety about economic growth.
Take the strong goods, for example: after a sudden rhythm on new orders in January, analysts expected correction in February. Instead, new demands for durable goods grew by 0.9 % throughout the month (M/M) compared to consensus expectations by a decrease of 1 %/m, while January growth was reviewed up to 3.3 %/m.
Sonar: The orders of the strong goods in the United States, millions of US dollars (white axis, right) and the orders of strong commodities in the United States (orange, left axis)To learn more about the sonarand Click here.
The growth in the address number came in February despite a decrease of 5 %/m in non -defensive aircraft orders – Boeing has been informed of only 13 requests in February, which was 36 per month.
With the exception of transportation orders, the orders of the basic good commodities increased by 0.7 %/m: the largest monthly jump in the category since March 2022. Although the new requests for basic capital goods – a category used to calculate the investment of equipment for the gross domestic product – decreased by 0.3 % m/m, the shipments increased by 0.9 % m/m.
Likewise, factory orders, which reflect the demand for manufactured goods, increased by 0.6 % m/m in February, overcoming consensus expectations narrowly for the growth of 0.5 %/m. The new requests from the durable commodity industries were stronger, as they rose 1 % m/m. According to the latest solid data, the American manufacturing sector is in a good place.
However, the customs tariff is one of the highest minds for manufacturers, as it is clear in the most important feelings of feelings for the sector.
The S& P Global Us US ACTURACTURING Managers has suffered a noticeable decrease in March, as it decreased to 50.2 from 52.7 February. Although any reading above 50 indicates expansion, the sub -production sorting decreased in a decrease for the first time since December – which may indicate an unwanted turning point in the recovery of the sector.
“A mixture of improved optimism surrounding the new administration and the need for the front -run customs tariff, which led to the production of commodities in the first two months of the year,” he wrote a mixture of improved optimism surrounding the new administration and the need for the front -run customs tariff, which led to the production of commodities in the first two months of the year, “but the cracks have now begun to appear,” wrote a mixture of improved optimism surrounding the new management and the need for the front -run customs tariff, which led to the production of commodities in the first two months of the year, but the cracks have now begun to appear.
The difficulty in comparing the so -called “difficult” data versus “soft” is that the feelings affect the decisions that will eventually affect difficult data.
Williamson continued: “One of the main concerns between manufacturers is the degree that increases the uncertainty resulting from government policy changes, especially with regard to tariffs, which makes customers cancel or delay spending, the extent of high costs and the deterioration of supply chains in this environment.
