U.S. manufacturers keep on trucking despite a road littered with obstacles

American manufacturers grew in June for the sixth straight month, marking the longest streak in four years—despite high U.S. tariffs, war with Iran, and a spike in oil prices. The backdrop also includes rising inflation, keeping the signal only mildly supportive for growth and not clearly risk-on for rates or margins.

Analysis

American manufacturers grew in June for the sixth straight month, marking the longest streak in four years—despite high U.S. tariffs, war with Iran, and a spike in oil prices. The backdrop also includes rising inflation, keeping the signal only mildly supportive for growth and not clearly risk-on for rates or margins.