Manufacturing is sputtering in the world’s largest economies

Washington, DC CNN —

Manufacturers around the world are contending with weakening demand as the economic outlook for the industry darkens.

Factories in the United States and across the eurozone reported a decline in new orders for manufactured goods in May as they worked through their backlog of orders, according to recent business surveys released by data firm S&P Global. It’s unclear for how long those backlogs , which swelled in the early days of the pandemic, will sustain the industry globally.S&P Global data showed that the US manufacturing sector fell into contraction territory in May. A similar survey released by […]

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