US Manufacturing Sector Contracts Again; Raw Material Prices Spike

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A tragedy. Under President Trump’s America First policies, America’s manufacturing sector flourished. Under the Globalist Biden Administration, America’s manufacturing sector is contracting. How can any rational American vote to continue this madness in 2024? By the way, China’s factory activity is once again booming. The Biden Administration is a disgrace. #Trump2024

Biden said the “economy is strong as hell.”

Related – Biden DOJ ending national security initiative aimed at countering China amid complaints about bias

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US manufacturing sector contracts again; raw material prices rise

By Yahoo, March 1, 2023

WASHINGTON (Reuters) -U.S. manufacturing contracted for a fourth straight month in February, but there were signs that factory activity was starting to stabilize, with a measure of new orders pulling back from more than a 2-1/2-year low.

The Institute for Supply Management survey on Wednesday also showed prices for raw materials increasing last month, suggesting inflation could remain elevated after monthly consumer and producer prices surged in January.

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