WASHINGTON (Reuters) - U.S. manufacturing was steady in February, but a measure of prices at the factory gate jumped to near a three-year high and it was taking longer for materials to be delivered, suggesting that tariffs on imports could soon hamper production. The Institute for Supply Management (ISM) said on Monday that its manufacturing PMI slipped to 50.3 last...

WASHINGTON (Reuters) - U.S. construction spending unexpectedly fell in January, pulled down by a decline in outlays on multi-family homebuilding. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.2% after an unrevised 0.5% increase in December. Economists polled by Reuters had expected construction spending would be unchanged. Construction spending increased 3.3% on a year-on-year basis in...

The U.S. manufacturing sector expanded for the second consecutive month in February 2025, following 26 months of contraction. However, the effects of newly imposed tariffs were felt throughout the industry.  The Details: According to the Institute for Supply Management, February's Manufacturing PMI fell to 50.3%, down from 50.9% in January, below market expectations of 50.5% as tracked by Trading Economics.  Overall...

WASHINGTON (Reuters) - U.S. manufacturing was steady in February, but a measure of prices at the factory gate jumped to near a three-year high and it was taking longer for materials to be delivered, suggesting that tariffs on imports could soon hamper production. The Institute for Supply Management (ISM) said on Monday that its manufacturing PMI slipped to 50.3 last...