US manufacturing mired in weakness; AI spending boom helps some factories | Metals Mine

  • US manufacturing mired in weakness; AI spending boom helps some factories

    From msn.com

    U.S. manufacturing contracted for a sixth straight month in August as factories continued to grapple with the impact of import tariffs, but an artificial intelligence spending boom is lending support to some segments of the industry. The Institute for Supply Management (ISM) said on Tuesday its manufacturing PMI edged up to 48.7 last month from 48.0 in July. A PMI reading below 50 indicates contraction in manufacturing, which accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI would rise to 49.0. Despite the persistent weakness in the PMI, businesses have been boosting spending on AI ... (full story)

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liberty458
Sep 2, 2025 9:52pm
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Manufacturing down.....Dollar up....Yen Down... manufacturing Up...that is not hard to figure out...so keep on Pumping the Dollar .....so why do the japanese fight tooth and nail to keep the yen Low....and lower...well not hard to see the results of either strategy...Not Rocket Science...
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longfellow
Sep 2, 2025 11:44am
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Gee, I wonder what could have happened in January that sent things skidding.
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