The estimate from Anderson Economic Group comes as Stellantis shifts production to U.S. plants, suggesting tariffs may already be reshaping manufacturing plans.
The standoff—rooted in export controls by China and a rare state takeover by the Netherlands—thrusts the auto sector into the center of a chip supply dispute.
Record capital goods inflows and higher industrial supplies overshadow weak exports, with data suggesting a lift for manufacturing despite the wider trade gap.
Despite a decline in the headline factory orders measure, there was resilience in underlying capital goods demand, a proxy for business equipment investment.
Factories report fastest growth since May 2022, led by domestic demand and inventory building, per S&P Global, though ISM data pointed to weakness in output.
The estimate from Anderson Economic Group comes as Stellantis shifts production to U.S. plants, suggesting tariffs may already be reshaping manufacturing plans.
The standoff—rooted in export controls by China and a rare state takeover by the Netherlands—thrusts the auto sector into the center of a chip supply dispute.
Record capital goods inflows and higher industrial supplies overshadow weak exports, with data suggesting a lift for manufacturing despite the wider trade gap.
Despite a decline in the headline factory orders measure, there was resilience in underlying capital goods demand, a proxy for business equipment investment.
Factories report fastest growth since May 2022, led by domestic demand and inventory building, per S&P Global, though ISM data pointed to weakness in output.