The US manufacturing sector hit a four-month low in November, according to new data. The culprit? Rising tariffs are squeezing manufacturers by increasing prices and reducing demand. This has led to a buildup of unsold goods, putting pressure on production.
While manufacturing stumbled, the services sector kept the overall business activity afloat. But even here, there are warning signs. Inflation continues to rise, and consumer sentiment is weakening, especially among lower- and middle-income families. This could spell trouble for broader economic growth in the coming months.
What does this mean for tech companies? Higher input costs for hardware. Potentially weaker demand for consumer electronics as disposable incomes shrink. It’s a mixed bag, but definitely a situation to watch closely.
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