ISM manufacturing was stronger than expected in June; widespread tariff-related concerns
The ISM manufacturing index was stronger than forecasts, rising to 60.2 in June from 58.7 in May. Industry comments in the report focused on two issues: first uncertainties, price pressures, and supply chain issues related to tariffs; second, transportation-related issues, especially trucking. We view the report as showing increasing microeconomic supply strains in the face of strengthening manufacturing growth.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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