U.S. Manufacturing Sector Continues to Contract (.PDF Download)

The latest Manufacturing PMI Report paints a picture of a domestic manufacturing sector in duress.
Nov. 10, 2025

The U.S. manufacturing sector continues to show signs of tariff fatigue and other challenges that are impacting bottom lines, slowing production and cutting into future investment. The red flashing light has been signaling for most of 2025, but the Institute for Supply Management’s latest Manufacturing PMI Report solidifies what many have been thinking: domestic manufacturers are facing some steep challenges right now.