CEO D.G. Macpherson noted a "slow, but generally stable" demand backdrop.
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Fed Chair Jerome Powell noted a long-awaited rate cut could happen as soon as mid-September, but was far from committal.
PMA report shows a stabilized economic outlook for metalforming manufacturers, despite a decline in shipping levels and slight changes in lead times.
June's total decreased substantially after four consecutive monthly increases.
Doubling 1Q's growth, 2Q considerably outperformed economists' expectations.
The IMF raised growth forecasts for China, India and Europe, while lowering them for U.S. and Japan.
June saw solid gains in manufacturing output, highlighting significant growth in the industrial sector.
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The latest AMT report showed a slight decrease from April but a 1.8% increase compared to the same period a year earlier.
May's monthly figure was also revised up from a slight decline to flat.
Government data indicated that growth considerably accelerated vs. April, both month-to-month and year-over-year.
A new survey of U.S. warehouse operators signaled stabilization in the labor market after years of uncertainty.
It was a major monthly rebound from April's 25.6% decline.
Find a synopsis of our Mid-Year Outlook webcast from June 27 and details on new economic reports MDM is set to roll out.
Spending unexpectedly fell in May, dragged down by private construction.
Missing economists' expectations of an increase, the latest PMI reading indicated contraction for the 19th time in 20 months.
Though weak, it topped economists' expectations.
PMA said its members report a general sense of uncertainty over industrial demand, the election outcome, and whether tariffs will increase.
It far surpassed economists’ expectations and followed two straight flat months.
The U.S. central bank had collectively forecasted three interest rate cuts in 2024 as recently as March 21.
