US Manufacturing Sector Slows Further; Factory Workers Quitting

[claireokc]

WASHINGTON—U.S. factory activity grew at its slowest pace in nearly two years in April amid a rise in workers quitting their jobs, and manufacturers are becoming more anxious about supply over the summer because of new COVID-19 lockdowns in China. The survey from the Institute for Supply Management (ISM) on Monday described manufacturing as remaining “in a demand-driven, supply chain-constrained environment.” ISM Manufacturing Business Survey Committee chair Timothy Fiore said new coronavirus outbreaks overseas were “creating a near-term headwind for the U.S. manufacturing community,” noting that some manufacturers worried “about their Asian partners’ ability to deliver reliably in the summer months.” ...

Source: https://www.theepochtimes.com/us-manufa ... 40682.html