The American manufacturing sector is a vital economic sector in the United States and is considered the second largest manufacturing country in the world after China. This sector contributed about $2.9 trillion to the GDP in 2024 alone and employs approximately 13 million people.
The manufacturing sector in the United States has experienced further decline during the month of May, amid pressures imposed by tariffs on imported goods that negatively affected supply chains.
The Institute for Supply Management (ISM) reported that the Purchasing Managers' Index (PMI) fell to 48.5 points in May, compared to 48.7 points in April. While a reading of 49.3 points was expected. A reading below 50 indicates contraction in the manufacturing sector, which represents about 10.2% of the American economy.
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