WASHINGTON  – U.S. manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the COVID-19 pandemic, but price pressures at the factory gate continued to deflate, a silver lining for the  economy . Shrinking activity left factories resorting to layoffs, the survey from the Institute for Supply Management (ISM) showed on Monday. ISM Manufacturing Business Survey Committee Chair Timothy Fiore described the practice as happening 'to a greater extent than in prior months.

https://business.inquirer.net/408444/us-manufacturing-slump-deepens-factory-gate-price-pressures-subdued

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