U.S. Factories Are Showing Signs of Buckling From Demand Surge
ISM manufacturing data point to constraints as prices jump
Regional Fed reports showed expectations for slowing business
The latest evidence came Tuesday in the Institute for Supply Management’s April manufacturing survey, which showed that despite robust orders, production cooled as suppliers’ delivery times lengthened, backlogs mounted, materials prices picked up and hiring slowed. Exacerbating the issues are policies including the Trump administration’s tariffs on imported metals, as well as new trucking regulations that have delayed deliveries.