America’s post-Covid factory boom is running out of steam

4 min read
29 Jul 2024, 11:38 AM IST
Bob Tita , The Wall Street Journal
https://x.com/bob_tita
Robert.tita@wsj.com

Companies are laying off employees and cutting production to counter falling orders and rising inventories.

More U.S. manufacturers are rethinking their plans as they brace for an extended slump in demand.

Higher interest rates, rising operating costs, a strengthening U.S. dollar and lower selling prices for commodities are dampening activity at factories across the country. Executives for the makers of long-lasting items such as cars, crop-harvesting combines and washing machines are projecting challenging business conditions for the remainder of the year.

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