The Institute for Supply Management disclosed that the purchasing managers’ index for manufacturing activity fell to 48.5 in May, down from 48.7 in April. This figure aligns with the consensus forecast set by economists surveyed by The Wall Street Journal.

Despite some recovery attempts, U.S. factory activity remains under strain due to ongoing trade policy uncertainties and external pressures impacting production levels. Analysts keep a close eye on these shifts, assessing their potential effects on economic stability and future growth prospects.