The new orders for manufactured products in the United States fell in June, with the fall in commercial aircraft requests, reversing the increase in planes that had driven the general orders of orders in the previous month.
Orders to the industry fell 4.8%, after a revised increase of 8.3% in May, the Department of Commerce said on Monday (4).
Economists consulted by Reuters predicted that orders would decrease exactly 4.8%, after an 8.2% jump previously reported in May. Orders rose 3.8% at the annual base in June.
The manufacture, which accounts for 10.2% of the US economy, remains limited by President Donald Trump’s tariffs on imported products. A survey by the supply management institute on Friday (1st) showed that its measure of US industrial activity fell to a minimum of nine months in July.
Trump sees tariffs as a tool to increase revenue to compensate for their tax cuts and to revive an industrial base for a long time, a feat that economists argued to be impossible in the short term due to labor shortages and other structural issues.
